What is a Builders Risk Insurance Policy?
Builder’s Risk Insurance coverage is a special type of property coverage, which indemnifies buildings while they are under construction. With a variety of carriers specializing in providing such coverage, some of which also include personal liability, we will be able to provide a product that suits your needs.
If you’re building a property, you need to protect your investment from the moment construction begins, to the time the build is complete. If your building itself or the associated materials and equipment used during the build are damaged, a builder’s risk policy pays out to cover the cost of damage or replacement. It can also provide protection from financial liability if a person is injured during the build or the construction leads to damage of another’s property.
Coverage Options for Builders Risk
We work as a consultant to determine your insurance needs and risks by evaluating your project with you. Options for a Florida builders risk policy include:
- Policy time frames
- New Construction, remodeling & rehabs
- Coverage for framing, cleanup, debris
- Financial costs due to delays
- Project sites and trailers
- And more….