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Building under construction insurance takes some of the stress out of a construction project.  There are many things that can keep you up at night when it comes to building.  Moreover, skills are in poor supply with an ever decreasing pool of skilled laborers. Subcontractors can be unreliable. Cash flow can be a problem when you only get paid at the end.


Building under construction insurance is called Builder’s Risk or Course of Construction coverage. With Builder’s Risk insurance you have one less thing to worry about.  You know that you have the financial back up you need if something goes wrong.


Let’s look at what this insurance is and how it can help you on your project.



Builder’s Risk Insurance Explained

  • Is it for all construction projects?

Builder’s Risk Insurance is specialized coverage that applies to certain types of projects.  Additionally, these include the building of new buildings or structures.  It is also for the renovation, refurbishment and restructuring of existing buildings.  Examples would be the installation of a new staircase in a building, or reinforcing the foundations.


  • What is covered in a Builder’s RIsk Policy

A Builder’s Risk policy is tailored for your business and for your project.  Subsequently, this means that no two policies are the same.  Events that are commonly included in policies include damage caused by fire, theft, vandalism, and adverse weather like wind and hail.


Moreover, if they are not already in a policy, Items can be added to this policy as an endorsement. Additionally, you can include coverage for the risks your project faces.  Examples could be protection for loss of profit if there are building ordinance changes; or coverage for transportation to site for expensive equipment.


  • Are there exclusions to Builder’s Risk Insurance?

Items that are common exclusions from a policy include faulty workmanship and design errors, illegal acts from employees, and injuries at the workplace.


Things like flood damage and earthquakes are often not included in a policy but if this is a peril you face, speak to our agents at Farmer Brown Insurance. Furthermore, your policy can be customized for your needs.  Furthermore, our agents will talk you through your policy so you know exactly what your coverage is.


  • Does it have a time limit?

This property coverage gets you building under construction insurance.  Furthermore, your policy has a time limit of 3, 6 or 12 months and is for the duration of the building process.


  • How much does building under construction insurance cost?

A Builder’s Risk Insurance policy costs up to 4% of your total project cost.  For this reason, the price depends on many factors: the type of project; the materials being used; its location; your track record as a company; and many more.


Where can you get Building Under Construction insurance?

John Brown President Farmer Brown Insurance (888) 973 0016

John Brown – President

This is specialized insurance that must be customized for your business. This is why it pays to speak to the experts.  Farmer Brown Insurance has been operating for more than 20 years and we have an A+ Rating on BBB.  Call Farmer Brown Insurance on (888) 973-0016  and put your insurance worries to rest.


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