Copeland Insurance

888-291-7593

Builders risk insurance helps protect properties under construction.

Builders risk insurance offers protection specifically for properties that are in the process of being constructed.

Ensure the safety of your property during construction with builders risk insurance.

During construction? Consider this coverage.

Builders risk insurance functions as property insurance designed to protect properties while they are being built. Property owners can opt to secure such a policy, although it’s more common for contractors to carry it.

Builders risk insurance typically covers damages from incidents like fire and hail storms. It also includes theft, vandalism (usually not by employees), and damage from vehicles or aircraft impacting the building. Policies often set coverage amounts as a percentage of the total construction budget to ensure adequacy. It’s important to verify the policy duration as it generally doesn’t allow for multiple extensions of the construction timeline.

This policy usually provides coverage for the building under construction, general liability, equipment breakdown, and ordinance and law issues.

Whether you’re the client or the contractor overseeing the project, having this coverage is crucial. Property owners, contractors, subcontractors, lenders, and architects typically obtain this insurance.

Exclusions to be mindful of.

It’s essential to understand what isn’t covered by insurance. Unless explicitly stated, certain risks like flooding during beachfront construction or earthquakes near fault lines are not covered. Additionally, it does not provide coverage for worker injuries, necessitating separate compliance with legally mandated workers’ compensation insurance.

Interested in builders risk insurance for your construction project? Reach out to discuss your property’s specific requirements and available coverage options.

Find Your Coverage

We’re here to help you explore your coverage options

Contact Copeland Insurance Agency

Contact by Office Location

Let’s Get Started

STEP 1

Fill out the form.

STEP 2

Review your options with us.

STEP 1

Get the coverage you need.

Builders Risk Insurance Quote Request

Name(Required)
How can we help

Contact us

Browse All Office Locations

Experience the Value of an Independent Agency

At Copeland Insurance Agency we’ve always been dedicated to serving the insurance needs of our customers with quality products, caring service, and affordable pricing so they can protect what they’ve worked so hard to build.

We are licensed in Arizona, Colorado, Kansas, Missouri, Nebraska, North Dakota, Oklahoma, South Dakota, and Texas.

 

© 2024 Copeland Insurance Agency | Powered by Forge3 ActiveAgency | All rights reserved | Privacy Policy

Builders risk insurance provides protection for properties that are currently undergoing construction.

Find Your Coverage

We’re here to help you explore your coverage options

Contact Copeland Insurance Agency

Contact by Office Location

Let’s Get Started

STEP 1

Fill out the form.

STEP 2

Review your options with us.

STEP 1

Get the coverage you need.

Builders Risk Insurance Quote Request

Name(Required)
How can we help