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Builder’s Risk Insurance

When Should a Builder’s Risk Policy Be Purchased?

This is an excerpt from our free “Broker’s Guide to Builder’s Risk Insurance” eBook. Click here to download your copy. A Builder’s Risk policy should be purchased prior to or on the date of construction when the contract is finalized – before the project is underway. Builder’s Risk is temporary insurance with coverage ending once the…

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Vacant Building Insurance: What It Covers and Who Needs It

Just because a building lies dormant doesn’t mean it doesn’t face certain risks. Whether it’s theft, water damage, or fire, there’s always the chance an unoccupied building will need insurance coverage. Vacant Building Insurance is designed to give these buildings protection from the threats they face. This article will outline those dangers while explaining what…

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Builder’s Risk Insurance Q&A with Brian Rauber of Capitol Agency

Learn how Brian Rauber of Capital Insurance Agency binds Builders’ Risk coverage in minutes with our best-in-class products and enticing pricing. Download the full Case Study here. “It’s the perfect case scenario where I’ve got the price—and I’ve got the product that I can issue quickly. It’s literally a no-lose scenario for me. And in…

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Builder’s Risk Insurance: What Your Clients Need to Know

If a house burns down after being built, homeowner’s insurance covers the costs. But what happens if it burns down the day before it’s finished? Or if a labor shortage causes delays? Or if thieves steal wires from the walls? You get the point. A building still under construction faces a lot of risks, and…

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How Much Does Builder’s Risk Insurance Cost and Who Pays for It?

The bottom line for most insurance packages is cost: how much will it cost your customer in dollars, and how much will it cost you in patience to explain the size of their premiums? We joke, of course. But seriously, clients don’t want to pay for something they won’t need, and a Builder’s Risk insurance…

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What Does Builder’s Risk Insurance Cover?

Builder’s Risk insurance policies are not created equal, with a wide variance in the scope of coverage available in policies on the market today. It’s important to ensure that each of the insureds covered in the policy understands what is and isn’t covered and what supplemental coverages and extensions are available to address certain exposures…

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When Do I Need Vacant Building Insurance?

Homes become vacant for a number of reasons. A house may be up for sale and the sellers have already moved, or the home is an investment property and it’s taking longer to find tenants. Standard homeowners insurance policies include a vacancy clause which eliminates and/or restricts coverage for losses on property that is vacant…

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How to Close a Construction Site During the Holidays

The holiday season is here and that means many construction sites will be shutting down for a while. While many workers and contractors will be welcoming a much-deserved break — there a few things to consider before you close a construction site to keep the property and everyone else safe.

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Why Coastal Builder’s Risk Insurance Is Critical for Properties Under Construction

The 2021 hurricane season is shaping up to be a rough one with no signs of slowing down. Hurricane Ida ripped through the Gulf states downing power lines and obliterating structures. It then made its way up the Atlantic, unleashing record-breaking rainfalls, flash floods, and tornados which also caused extensive damage. Catastrophe risk solutions company…

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Protect Vacant Buildings from Halloween Vandalism

After more than a year of pandemic protocols and social distancing, experts like Dr. Fauci say families should enjoy trick or treating. That’s great news for all the children who missed Halloween last year. But Halloween can be the scariest night of the year for the owners of vacant real estate. Halloween vandalism at vacant…

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