The Builders Risk program provides coverage for eligible ground-up construction and renovation projects. Coverage is structured to align with project timelines and underwriting guidelines, with options available on an Actual Cash Value or Replacement Cost basis
Coverage for eligible ground-up construction projects from initial site preparation through project completion. Risks are evaluated based on project scope, construction type, total insured value, and contractor experience, in accordance with program underwriting guidelines.
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- Coverage available on an ACV or Replacement Cost basis
- 12-24 month policy terms available
-Total Insured Project Value up to $7M
-Deductible options range from $1k-$25k
-Property must be 100% vacant
-Property inspection ordered after policy issuance
-Enhancement Endorsements available upon request: Temp/Transit, Water back up, Soft Costs, Flood.
Coverage for renovation projects made to an existing building. Our programs offers coverage for the existing building and the cost of renovations, ensuring your project is fully protected through theentire project.
