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What is a Builder's Risk Insurance Policy?
This is an insurance policy (also known as a "Course of Construction" policy) that protects project owners, sub-contractors and lenders against damage or destruction from theft, fire, vandalism, lightning, hail and other losses that may occur during a Construction or Remodeling Project. These are all covered in an "All Risk" Builder's Risk Insurance policy, except items specifically listed as "excluded" in the policy. Fill out the information below or call us at 806-410-0984 and we'll be happy to answer any questions you may have or take your quote over the phone. |
Who can purchase a Builder's Risk Policy?
Project owners, sub-contractors and lenders may all purchase builders risk insurance. Requirements:
The policy holder must have an insurable interest in the property and an insurable risk. Insurable risk: the building "project" is under construction. Insurable interest: You either own the property or you have a financial connection to the property. |
