Builders Risk Quote Form – Kelly Assurance

Builders Risk

What Does Builders Risk Insurance Cover?

While many may recognize the need for builders risk insurance, just as many are vague on details like what builders risk covers or who’s eligible for it. With 35 years of insurance experience, we get those questions all the time. Today, we’d like to provide some information pertaining to builders risk insurance.

What is builders risk insurance?

Builders risk insurance is insurance that protects a person’s or organization’s insurable interest in materials, fixtures and/or equipment awaiting installation (or after installation) during the construction or renovation of a building or structure, should those items sustain physical loss or damage from a covered loss.

However, the differences in covered exposures and policy types between providers can make it difficult to determine precisely what you and your clients can expect from a builders risk insurance.

Who buys builders risk insurance?

There are several groups of eligible clients for a commercial or residential builders risk policy – all of which can purchase the policy in their name, including the following:

Homeowners / property owners

Builders

Contractors

House flippers

Development / investment companies

Retail companies School districts

What types of policies are available?

Builders risk policies are typically available for three varieties of construction: ground-up new construction, remodeling (including or excluding the existing structure) and installation. From there, builders risk policies types often vary between providers. Despite differences in terminology, most builders risk insurance is available in a few different varieties. Those policy types typically include the location-specific/single-project, reporting form, blanket policy and the blanket installation policy. The location-specific policy is very straightforward, while reporting form and blanket policies can be more complex, enabling clients to include multiple projects under the same policy.

If you are interested in receiving a quote please fill out the form below and we will reach out shortly

Builders Risk Quote Form

Builder’s risk insurance is “coverage that protects a person’s or organization’s insurable interest in materials, fixtures and/or equipment being used in the construction or renovation of a building or structure should those items sustain physical loss or damage from a covered cause.”

Please fill out the form below and we’ll have an agent reach out to you as soon as possible. Thanks

The information on this website is not intended to be exhaustive nor should any discussions or opinions be construed as legal advice

– it is intended for educational and/or informational purposes only.

Kelly Assurance not only protects your company from major risks, we also take steps to potentially reduce and eliminate losses before they occur.

We aim to migrate your risks through proactive education, strategy calls, and loss control programs.

Once you become a client at Kelly Assurance, you’ll have the on support of a dedicated Kelly Assurance service team staffed with licensed professionals who know your business.