Post Topic
Builder’s Risk Insurance
Coastal Builder’s Risk: Cost, Coverages, and What You Need to Know
As extreme weather events increase and contractors continue to build along the coast, Coastal Builder’s Risk insurance is critical to protect the investment. In this article, we explore the importance of Coastal Builder’s Risk insurance and how it can help. Sun, sea, and surf: America’s coastlines are chock-full of beautiful vistas and idyllic places to…
Binding Online for Vacant Buildings and Builders Risk
You can easily quote and bind your Vacant Building and Builders Risk business through the Broker Portal. To learn how to quote and bind online, follow the steps below. If you have Vacant Building or Builders Risk business, you can self-service bind if:∙ The submission is in quoted status∙ Effective date is the current or…
Builder’s Risk Insurance: A Broker’s Blueprint to Protecting Construction Projects
Improve your knowledge of Builder’s Risk insurance with industry experts from Distinguished by watching our webinar recording. Discover how to calculate coverage, gain underwriter recommendations, distinguish Builder’s Risk from other policies, and explore coastal coverage options. Learn sales tactics, find leads, and specialize in providing your clients with complete construction protection through Distinguished Programs. Don’t…
Builder’s Risk Insurance: Are Your Insured’s Betterments-Only Project Correctly Valued?
Owners and tenants often make improvements to their homes for various reasons, including remodeling kitchens, upgrading bathrooms, replacing old fixtures, and carpets. While construction is underway to make such improvements, proper coverage must be in place. Builder’s Risk Insurance Options Distinguished offers three different types of Builder’s Risk policies: new ground-up construction, remodeler’s, and betterments-only…
Impact of Modern Building Codes, Hurricane Preparedness on Coastal Builder’s Risk Properties
Hurricane Ian, which swept through parts of Florida, is another reminder of the devastation severe weather events cause in human loss and property damage. While areas in the Sunshine State were decimated, others were spared or had minimal property damage due to environmentally sustainable construction, upgraded building codes, and overall hurricane preparedness. For example, in…
How to Close a Construction Site During the Holidays
The holiday season is around the corner 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.
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…
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…
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…
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…