Builders Risk Insurance

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If you are building a new home or remodeling an existing structure, you will most likely have a builder's risk insurance policy requested by the bank, which provides you with the construction loan. The party responsible for purchasing coverage is almost always either the property owner or the contractor. In most projects the owner takes responsibility for purchasing coverage.

You can expect to pay 0.15 - 0.2% (depends on deductible) of the completed project value for new construction and up to 0.4% for remodeling project.

We have access to the least expensive yet high quality Builder's Risk policies offered in California by companies such as Zurich and Quanta (Builders and Tradesmen). Besides, we offer the most competitive rates on insuring your completed construction and remodeling projects - both residential and commercial.

Builder's Risk Insurance is a fairly inexpensive property policy designed to provide coverage for property while under construction or being remodeled. These policies cover damages or destruction by fire, lightening, wind storm, hail, explosion, aircraft, motor vehicle, smoke, vandalism and malicious mischief. Liability is not included in Builder's Risk policy and should be purchased separately. Our agency offers both Builders Risk and Liability insurance for your construction or remodeling project.

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