If you have a home construction or renovation project, a Residential Builders Risk policy is crucial for protecting your investment against unexpected events. Let our experienced agents take a look at your project and find you the best coverage.
Builders risk insurance is an important component of residential project construction. Unlike homeowners insurance, builders risk insurance covers the unique risks of building or renovating a home.
Builders risk insurance protects your building, materials, fixtures, and equipment used in construction or renovation.
Residential builders risk insurance offers tailored coverage for a variety of construction projects, ensuring comprehensive protection for property owners and contractors. Some of the common projects we insurance include:
Here are some common coverage areas and customization options:
Protection against damage caused by fire.
Coverage for stolen materials or equipment.
Insurance against intentional damage by third parties.
Define what constitutes covered property to tailor the policy to your project’s specific needs.
Identify the insured parties to ensure all stakeholders are protected.
Here are some average builders risk costs that can help you understand what to expect.
If you want to get an exact cost for Residential Builders Risk Insurance, we encourage you to get quotes now from our experienced agents.
Our experienced agents are well versed in all commercial projects. After understanding your construction project, our agents can usually reduce policy prices through additional discounts of 10% to 15% from the instant quotes you receive.
We provide the finest comprehensive plans for your business by providing:
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Builders risk insurance covers new home constructions, renovations, kitchen remodels, custom home builds, and specific installations, providing essential protection throughout the building process.
Builders risk insurance typically starts at approximately $500, with costs ranging from 1% to 4% of the total construction expenses, influenced by factors such as project size, type, location, and duration. If you want to get an exact quote, contact our agents online and we’ll find you the best quotes.
Builders risk insurance is essential as it safeguards your residential project against financial losses due to unforeseen events like theft, vandalism, or weather-related damages during construction. This protection helps ensure that your investment remains secure throughout the building process.
A builders risk insurance policy typically lasts between 3 months to 1 year, covering the construction period, with options for extensions if necessary.
