What could be covered by Builder’s Risk Insurance?
Many of our clients are not sure what to expect from their policies when it comes to specific covered events. Typical builder’s risk insurance policies will cover one or more of the following:
Theft: Construction materials are often expensive, and having them stolen could put a nasty kink in even the best plan. Reimbursement for the theft of your materials ensures that your project will remain profitable.
Project sites: Your policy can cover new construction sites, time frames on the build itself, materials, fixtures, and other equipment being used in the construction.
Fire, weather, and other natural disasters: Many places have severe weather, and your community is no exception. Damage from severe weather, fire, and other natural disasters costs billions of dollars annually in the United States alone.