Cover your build from groundbreaking to completion. We get quotes from several construction insurers.
Builders risk, also called course of construction insurance, covers a building and its materials while it is being built or renovated. The programs we use write new homes, townhomes, commercial and mixed-use projects and renovations, for the owner, the general contractor, the developer or a tenant. Terms usually run up to 12 months, with options for longer projects.
Owners, general contractors, developers and volume builders can all apply, though applicant rules vary by market. Some programs require a licensed general contractor and experience history, while others accept an owner builder. The form keeps every route open.
New construction and renovation projects can be rated online up to a cap that depends on the construction type. Each sets its own cap by construction type, from roughly 4 million dollars on the smallest lane to 10 million for frame construction on another. A larger project goes to a broker for a separate market review rather than through this request.
The project's address decides which programs can write it: wildfire hazard, active-fire proximity, coastal distance and over-water construction affect each program differently. The broker checks the address across the shopping path instead of applying one carrier's cutoff to all.
One form reaches several construction markets by asking for the construction, values, schedule and site details they need to quote. Flood and earthquake options come through select markets, and how claims are paid and optional limits for soft costs (interest, permits, delays) vary by insurer.
A few questions about your business or home.
We compare carriers and read the forms line by line.
We pick the best policy and get you covered.
One application reaches several builders risk markets, so you tell us about the project once. We compare the available builders risk markets and help you review the options.
Commonly covered, with a sublimit that varies by market.
Windstorm or hail can carry its own deductible.
Optional cover for costs such as loan interest during a delay.
Available as options through select markets, depending on the address.
The FAIR Plan commercial fire policy writes buildings under construction, including a rebuild after a wildfire.
The FAIR Plan asks for a photo of the site and applies a mandatory minimum deductible to construction projects.
A home being rebuilt can stay on the FAIR Plan while it is under construction, beyond the one year vacancy limit.
Each program sets its own cap by construction type. A larger project goes to a broker for a separate market review.
Up to $4M
Up to $10M
One national builders risk program we use has a minimum premium of $400 per policy term. The project's completed value, construction type, location and term set the actual price above that.
Yes. Course of construction is another name for the same inland marine policy that covers a building while it is being built or renovated. Lenders and contracts use the two names interchangeably.
Either may buy it, depending on the market. Some programs require a licensed general contractor, while owner builders route to markets that accept them. The form stays open so the broker can make that match.
Because the lender's collateral is a building that does not exist yet. Builders risk covers the structure, materials and the work in progress while it is being built, which is why funding is conditioned on proof of coverage before the first draw.
Renovations are insured in two parts, the existing building value and the cost of the renovation work. One program writes renovation terms month by month up to 12 months. Valuation and loss settlement terms vary by market, so the broker reviews both parts of the proposed coverage.
It depends on the program. New construction commonly runs 12 months, one program offers 3, 6, 8, 10 or 12 month terms, and a project that will take longer than a year has options too, up to about 30 to 36 months on one policy in select markets. Provide the planned schedule and confirm the term and any extension in the actual proposal.
It can, through select markets. Flood and earthquake are options rather than part of every builders risk policy, and whether a market offers them depends on the project's address. Ask for them in the request and the broker confirms what each quote includes.
Over-water or non-conventional construction, recent bankruptcy or foreclosure, and fraud or arson history can close individual programs. The current form collects those facts for routing and review; it does not call them lane-wide declines without evidence from every market.
Coverage starts on the policy's effective date and ends at events such as completion or occupancy, so ask the broker to confirm both. Do not assume that delivery of materials or starting the application puts coverage in force.
Soft costs are the costs that continue after a covered loss delays the project: construction loan interest, lost rents, re-engineering and permit refiling. They are an optional coverage with limits that vary by market, not an automatic part of the policy.
Usually yes: theft of building materials is commonly covered with a sublimit. The limit varies by market, so the broker confirms it on each quote.
No. Builders risk covers the building and materials. Injury or damage to other people on the job is general liability, which a contractor buys separately.
We offer coverage in the states where we are licensed. Begin a quote with the address of your business or risk, and we'll let you know which markets can write that location before you spend much time on the questions.
Tell us about the coverage you need and complete the application. We use those details to approach suitable markets and may ask follow-up questions. Requesting a quote does not put coverage in force.
Fill in one short form or call us. No broker fees.