Protect Your Construction Investment
Detroit is rebuilding itself at every scale — modern apartments rising in Midtown, commercial redevelopments along Woodward Avenue, manufacturing expansions near Dearborn, and historic renovations throughout Corktown, Brush Park, and West Village.
With each project comes a window of exposure: the period before the structure is finished, secured, and fully operational.
Coverage for buildings under construction helps protect against financial setbacks when damage occurs mid-project.
Many Detroit projects involve converting older structures — warehouses, factories, pre-war homes — into modern spaces.
This work routinely uncovers:
Renovation is unpredictable by nature, and costs escalate quickly without coverage.
As construction increases across the city, theft and unauthorized access remain concerns—especially in:
Common targets include electrical components, copper, HVAC units, and delivered fixtures.
Detroit’s climate adds stress to active job sites:
Exposure continues until the building is sealed, heated, and protected.
Working in Detroit’s revitalizing districts often means:
These conditions elevate mid-project risk.
Rather than a traditional list, here are practical examples of how a policy can respond:
Optional additions often requested in Detroit
Any party with financial involvement during construction may need to be named on the policy.
Contract terms decide, but typically the policy is secured by:
Developers
Developers handling mixed-use and multifamily projects.
Contractors
General contractors managing structural work.
Property Owners
Property owners renovating older buildings.
Subcontractors
Subcontractors responsible for specialty installations.
Lenders
Lenders requiring risk control before releasing funds.
Most Detroit projects fall between 1% and 4% of total construction cost, with older-building renovations generally on the higher end due to unpredictability.
Premiums vary depending on:
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Sudden damage may be covered; continuous deterioration typically is not.
It can, if the policy includes off-site storage coverage.
If theft coverage is included and basic site-security measures are followed.
Yes—especially when working with pre-war structures or outdated mechanical systems.
Yes, they are commonly added as loss payees.
When the project is completed, occupied, or the certificate of occupancy is issued.
Protecting your building project needs special insurance suited to the area’s unique risks. At BuildersRisk.net, we provide custom Builders Risk policies to protect your investment from storms, flooding, and other unexpected events.
Get in touch with us now or check out BuildersRisk.net to receive a custom quote and make sure your project stays on schedule regardless of the obstacles.
