Who pays for property damage to a building under construction? Property Replacement Insurance provides coverage for vandalism, theft, wind and fire damage.

What is Builder’s Risk?

Property Replacement Insurance is Builder’s Risk. As a matter of fact, it is specially designed to protect buildings and structures that are being built or renovated. It covers the cost of construction. It also protects the equipment used at the project.

So, if the structure is damaged, Builder’s Risk steps in. The policy provides replacement cost equal  to the value of the property lost.

Builder’s Risk Insurance includes:

  • Protection for materials or equipment added to the property (for example, HVAC systems).
  • Labor costs and expenses.
  • Temporary structures such as scaffolding.
  • Landscaping.

Contact the friendly team at Builder’s Risk (877) 960 0221.

March 12, 2020

Does your Handyman Business need Builder’s Risk Insurance?

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March 3, 2020

The Difference between Builder’s Risk and Inland Marine

It’s easy to confuse insurance policies and believe they offer more protection than they do. Contractors are often left confused about whether their Construction Project Coverage is sufficient. Is Builder’s Risk enough or will more insurance be required? Do you know the differences between Builder’s Risk and Inland Marine Insurance?