Protect Your Construction Investment
Baltimore is a city where new construction and restoration coexist. Waterfront redevelopment in Fells Point, adaptive reuse projects in Hampden, major institutional expansion near Johns Hopkins, and steady residential upgrades in Canton and Highlandtown all reflect a construction market that never stops evolving.
But with growth comes exposure. Job sites face weather volatility, aging infrastructure, and dense urban conditions that can quickly disrupt a project.
Builders Risk Insurance offers financial protection when damage or loss occurs before the project is completed.
Many Baltimore properties date back decades — some more than a century. When renovating older buildings in neighborhoods like Mount Vernon, Federal Hill, or Charles Village, contractors frequently uncover:
These surprises can halt work and create unexpected cost spikes.
Baltimore’s climate brings a mix of conditions that can damage active construction sites:
Unprotected framing, roofing, and exterior components can be especially vulnerable.
Construction corridors across Downtown, Midtown, and East Baltimore often require storing valuable equipment or materials in tight spaces, increasing exposure to:
Builders Risk helps absorb the financial impact when job-site security is breached.
Instead of using a standard coverage list, here’s how a policy responds during common Baltimore scenarios:
Damage to the project caused by sudden discovery may be covered depending on policy terms
Weather-related water intrusion may fall under the policy if it results from a sudden event.
Accidental physical damage to the project can be included.
Builders Risk can help cover repair costs and debris removal.
Theft coverage can replace stolen supplies.
Additional coverages that Baltimore contractors often add include:
Any party with a financial stake in the construction should appear on the policy.
Responsibility depends on the contract, but coverage is commonly arranged by:
Developers completing mixed-use or multifamily projects
General contractors overseeing new builds
Property owners renovating older homes or commercial spaces
Subcontractors installing high-value systems
Lenders requiring financial protection before releasing funds
Most Baltimore policies range from 1% to 4% of the total project cost, with renovations sometimes priced higher due to older structures.
Costs vary based on:
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Sudden weather-related water damage may be covered; long-term seepage is generally excluded.
Older structures may require expanded coverage due to higher replacement costs and structural exposure.
Tools typically are not covered unless added through a separate contractor equipment policy.
Yes, if vandalism is part of the policy terms and reasonable site security is in place.
Flood is rarely included by default; it must be added if needed.
Once the building is completed, occupied, or a 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 hurricanes, 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.
