Builders Risk Insurance
Specialized coverage for properties under construction or major renovation including structure, materials, and contractor liability.
Key Benefits
Covers property under construction from first dollar of loss
Covers building materials and equipment on site
Protects against weather and environmental damage during construction
Can include contractor liability
Customizable to project length and scope
Ideal For
New construction projects
Major renovation projects
Developers and builders
Large remodeling jobs
Coverage Highlights
- •Building under construction
- •Materials delivered to site
- •Temporary structures
- •Equipment and machinery
- •Completed work awaiting final inspection
Average Cost
$2,000-$5,000/project
Actual costs vary based on property details, location, claims history, and specific coverage limits.
Common Misconceptions
General liability replaces builders risk (they serve different purposes)
Property insurance covers construction (it excludes properties under construction)
All contractors provide coverage (many do not)
Builders risk transfers after occupancy (must transition to permanent policy)
Related Guides
Need Expert Guidance?
Get personalized insurance recommendations tailored to your specific situation. Our experts can help you choose the right coverage and find the best rates.
Get Expert Help →