Builders Risk

This coverage can be characterized in extremely broad strokes or thin lines. Basically, builders risk insurance covers a building or renovation projects for loss during construction (usually only provides property based coverages). On one hand, builders risk can provide coverage for equipment used on a specific job site, materials to be installed, fixtures, and sometimes even liability coverage; and on the other hand, builders risk may exclude contractor issues regarding collapse of the structure, improper work, etc. Explore your options with your insurance broker before starting a building project to determine if a builders risk insurance plan is right for you.