Ground up residential and commercial projects
New construction from the first footing, residential, commercial and mixed use, for builders, owners and developers whose lender requires coverage before the first draw.
Course of Construction Insurance in California
Ground up builds, covered in days not weeks. Start a quote in minutes and a licensed California broker shops the construction markets for you.
Comparamos el mercado por usted, sin cargos de corredor
Alchemy
New construction builders risk
Green Shield
Ground up construction, residential to $4M
Blitz
E&S builders risk to $5M per location
BTIS
Builders risk marketplace
What the course of construction market writes in California
Projects from the modest to the very large
Programs start around a hundred fifty thousand dollars of completed value, with broad paper capacity documented up to roughly sixty five million depending on construction type.
The location decides eligibility
The highest wildfire hazard groups, coastal proximity and over water sites restrict or end eligibility. The broker checks the hazard groups from the project address before quoting.
Soft costs and materials are the difference
Soft costs from a covered loss, theft of building materials with a ten thousand dollar sublimit, vandalism and malicious mischief, and cosmetic renovation allowances mid build.
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.
The lender's requirement is the easy part
Every lender requires course of construction coverage before funding. The hard part is a policy that still matches the project at month nine, after the scope changed twice.
The completed value has to be right
Course of construction insures what the building will be worth finished, not what has been spent so far. Undervaluing it is the most common cause of a shortfall at claim time.
Soft costs are the hidden loss
When a covered loss delays the build, interest, rents and re-engineering pile up faster than the frame goes back up. Soft costs coverage is what separates a real policy from a cheap one.
The term has to match the schedule
Ground up terms run to the certificate of occupancy. A standard twelve months with an extension path, matched to the real build schedule, beats a cheap policy that lapses at month ten.
Written for California ground up projects, including:
- Residential new construction
- Commercial and mixed use builds
- Wood frame projects to $10 million
- Larger projects to roughly $65 million by market
- Projects already started, by review
- Modular builds 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.
- Completed value of the project
- Construction type, stories and square footage
- Wildfire hazard group and coastal distance from the address
- Builder's experience and prior claims
- Protection class and hydrant distance
Escríbanos. Estamos a su lado.
Preguntas que nos hacen
Is course of construction the same as builders risk?
Yes, the two names describe the same coverage: property insurance for a structure while it is being built. Lenders and contracts use the names interchangeably, and this page exists because you searched the other one.
When does coverage start and end?
It starts at first delivery of materials to the site in most programs and ends at the certificate of occupancy or the policy term, whichever comes first.
What are soft costs?
The costs that continue after a covered loss delays the project: construction loan interest, lost rents, re-engineering and permit refiling. They are covered as a scheduled option, not automatically.
Who buys the policy, the owner or the builder?
Either can hold it, and lenders accept both. The builder holding it is the more common placement because their experience rating drives the price.
Are materials on site covered against theft?
Yes, with theft of building materials carried as a sublimit, ten thousand dollars on the standard form, and higher by market.
¿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.