Builderâ€™s risk insurance covers your building project from covered losses such as fire, severe weather, or theft while under construction, prior to the certificate of occupancy. Builder's risk may also cover the cost of cleanup and clearing away debris and the loss of rental income, and cost associated with delayed completion of the construction.
When you have a Builder's Risk policy covering your construction project, youâ€™re covered against losses which may include:
PLEASE NOTE: Builders Risk Policies are not standardized, so coverage varies from carrier to carrier. Always read the policy before purchasing coverage.
The following optional coverage can be added to most policies to meet the needs of the contractor:
At Pascal Burke Insurance Brokerage Inc. (PBIBInc), our knowledge of the products and the marketplace we serve is unparalleled. As former contractors, we know the construction industry from the ground up!