builders risk insurance

Builder's Risk
Insurance

Assurance for you and your business. Learn More

What is builder's risk insurance and what does it cover?

Builder’s risk insurance (a.k.a. course of construction) protects your property during construction or renovation. Should your property sustain physical loss or damage from a covered peril this policy will come into play. It typically does not cover perils such as earthquake, flood or hurricane damage unless the policy has been specifically endorsed to do so. These policies can be endorsed to cover accidents and injuries to a third party (general liability) and is intended to terminate when the work has been completed and the property is ready for use or occupancy. Coverage items included but are not limited to:

  • Materials
  • Fixtures
  • Equipment (awaiting installation or after installation)
  • Structure
  • Valuable papers
  • Architect/engineer costs
  • Debris removal

Why choose bethany insurance agency?

Our team of professional insurance agents will assist you in deciding what type of coverage you would need for your construction or renovation. Builder’s Risk policies are different from a home policy and require special coverage, which is why we recommend you talk to one of our insurance specialist to learn more.

 

We provide complete insurance and risk management solutions tailored to your unique needs. Bethany is currently licensed in 19 states, and we continue to grow. We have relationships with the nation’s top carriers, many of which continually earn some of the highest ratings from A.M. Best, the leading independent rating authority.

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