Existing buildings under renovation
Residential and commercial buildings undergoing structural or non structural renovation, for the building owner or the contractor performing the work.
Builders Renovation Insurance in California
Renovating an existing building, covered in days not weeks. Start a quote in minutes and a licensed California broker shops the renovation markets for you.
Comparamos el mercado por usted, sin cargos de corredor
Green Shield
Structural renovation of existing buildings, to $5M by market
Alchemy
Renovation and remodel projects
Blitz
Builders risk with existing-structure options
BTIS
Builders risk marketplace
What the renovation market writes in California
Projects to $5 million by market
Terms and extensions vary by market. One program offers 3, 6, 9 and 12 month terms extendable to 18, with the renovation cost scheduled alongside the existing building limit.
The structure's condition decides the route
Condemned or scheduled-for-demolition buildings are outside the current programs. Contractor licensing and who performs the work vary by market, so the broker routes those answers instead of applying one program's gate to all.
Renovation-specific coverages
Replacement cost option on the existing building, theft of building materials, vandalism and malicious mischief, second story additions, post loss repair work, and project starts.
Cómo funciona
Formulario de 10 minutos
Unas preguntas sobre su empresa o su casa.
Comparamos el mercado
Comparamos aseguradoras y leemos los formularios línea por línea.
Cotizar y emitir
Elegimos la mejor póliza y le ayudamos a obtener cobertura.
A renovation is not a builders risk new build
A building under renovation is two risks in one: the existing structure and the work. Insuring them as one number, or on the wrong form, is how a mid-renovation loss turns into a coverage dispute.
Two values, one policy
The existing building and the renovation work are scheduled separately because they settle differently at claim time. The split is the quote.
Materials theft is the common claim
Job sites get stripped, and standard property policies exclude materials waiting to be installed. Renovation forms schedule theft of building materials as its own coverage.
The term has to outlast the job
Renovation terms run 3 to 12 months and extend to 18. A policy that lapses before the certificate of occupancy is a gap the lender and the contractor both notice.
Written for California renovation projects, including:
- Structural renovations of existing buildings
- Non structural remodeling and repair
- Residential and commercial properties
- Second story additions
- Repair of existing damage after a loss
- Modular homes by review
Qué cambia su prima
No existe una tarifa fija para esta cobertura. Estos son los datos que la aseguradora usa para tarifar, y son los mismos que le pide el formulario de cotización.
- Existing building value and declared project cost
- Whether work is structural and who performs it
- Construction type and age of the building
- Roof age bands and protection class
- Term in months, extendable to 18
Escríbanos. Estamos a su lado.
Preguntas que nos hacen
Is renovation insurance different from builders risk?
It is builders risk written for an existing building rather than a new build. The existing structure and the work are scheduled separately because they are covered differently, where a new build has only the one value.
Who buys it, the owner or the contractor?
Either can, and the program asks whether work is performed by a licensed contractor and whether it is structural, because those two answers drive eligibility more than anything else.
How long can the policy run?
Terms of 3, 6, 9 and 12 months, and the policy can be extended up to 18 months for extensive projects.
Are building materials covered against theft?
Yes, theft of building materials is a scheduled coverage on the renovation form, which is the most common mid-project loss.
Can a second story be added under this policy?
Yes, second story additions are explicitly written, along with repair of existing damage and projects that have already started.
¿Pueden colocar esta cobertura donde está mi negocio?
Actualmente solo tenemos licencia en California. Comience una cotización si el negocio o el riesgo se encuentra en California, y confirmaremos la elegibilidad antes de que invierta tiempo.
¿Qué pasa realmente después de comenzar una cotización?
Usted responde unas pocas preguntas y un corredor con licencia de Menlo las lee, clasifica su operación y la compara con las aseguradoras con las que tenemos nombramiento. No hay emisión instantánea ni caja negra. Habla con una persona antes de que se cotice nada.
Colóquela con alguien que lee la letra pequeña
Comience una cotización y un corredor con licencia sigue desde ahí, o hable con uno ahora.