Post Topic
Builder’s Risk Insurance
Protect Vacant Buildings from Halloween Vandalism
Note: Distinguished Programs no longer offers Builder’s Risk or Vacant Building insurance. Explore our other programs for tailored solutions. 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…
Builders Risk vs General Liability for Contractors: What’s the Difference?
Note: Distinguished Programs no longer offers Builder’s Risk or Vacant Building insurance. Explore our other programs for tailored solutions. Construction projects are full of risk, and there are several different insurance products available to cover these exposures. Among the most common policies are builder’s risk insurance and general liability. Many people wonder if they can…
Preventing Vandalism Amid Summer Uptick
Note: Distinguished Programs no longer offers Builder’s Risk or Vacant Building insurance. Explore our other programs for tailored solutions. Mischievous people with nothing to do, long summer days, and plenty of vacant and unoccupied buildings: a recipe for disaster. Whether your insured owns a vacant building or a building in the midst of the construction…
Most Popular Home Improvement Projects Amid COVID
Note: Distinguished Programs no longer offers Builder’s Risk or Vacant Building insurance. Explore our other programs for tailored solutions. Stuck at home, homeowners are displeased with their surroundings and funneling money they would have normally spent elsewhere into their homes. Over the past year, home improvement projects have surged and are showing no sign of…
The Importance of Flexible Policy Terms Amid Widespread Construction Delays
Note: Distinguished Programs no longer offers Builder’s Risk or Vacant Building insurance. Explore our other programs for tailored solutions. Construction projects have historically been prone to delays. Now, after months of labor restrictions, material shortages, and an increase in renovations, delays are more widespread and severe than ever before.
Builder’s Risk Insurance FAQs for Brokers
Note: Distinguished Programs no longer offers Builder’s Risk or Vacant Building insurance. Explore our other programs for tailored solutions. A property during construction has different risks than an established structure, and builder’s risk insurance helps to manage these unique risks. Unlike homeowners’ insurance, which covers structures that have already been built, builder’s risk is made…
COVID Construction Spike Leads to Lumber Shortages
Note: Distinguished Programs no longer offers Builder’s Risk or Vacant Building insurance. Explore our other programs for tailored solutions. In March of 2020, American lumber mills curtailed operations, citing both employee health and safety concerns and an expected plunge in demand. As months-long quarantines kept Americans locked in their homes, however, home improvement projects and…
Tapping into the Benefits of Transitional Real Estate Coverage
Note: Distinguished Programs no longer offers Builder’s Risk or Vacant Building insurance. Explore our other programs for tailored solutions. The pandemic has reshaped the real estate and construction market as many offices became vacant with workers going remote and companies rethinking their square-footage needs. At the same time, urban dwellers fled their apartments for the…
How to Find More Builder’s Risk Insurance Leads
Note: Distinguished Programs no longer offers Builder’s Risk or Vacant Building insurance. Explore our other programs for tailored solutions. The construction market is one of the many industries that has felt the financial impacts of the coronavirus pandemic. The initial lockdown forced construction to a screeching halt, disrupting project schedules and causing short- and long-term…
Builders Site Protection and Market Changes
Note: Distinguished Programs no longer offers Builder’s Risk or Vacant Building insurance. Explore our other programs for tailored solutions. The pandemic caused unprecedented business closures during April and May across the country, particularly in the hospitality and retail sectors; sent professionals home to work remotely; emptied out office buildings; and shut down construction projects. We…