Builders Risk Insurance
Builders Risk Insurance
Finding the Right Builders Risk Insurance
Builders risk insurance provides coverage during the construction phase of a property. While it’s common for contractors to obtain it, property owners have the option to buy protection.
What Does Builders Risk Insurance Cover?
Builders risk insurance covers damages caused by fire, lightning, windstorm, hail, theft, vandalism, collapse, and other events. In some cases, it may also cover additional costs, such as lost rental income or additional interest on loans, if property damage causes a delay in construction.
Policies are frequently set at a predetermined percentage of the overall construction budget. We’ll help you verify the duration of the policy since it rarely permits multiple extensions of the construction timeline.
Things to Consider With Builders Risk Insurance
This policy lacks coverage for any injuries sustained by workers. You or your contractor will need to obtain workers’ compensation insurance coverage, which is required by law.
Eber & Associates: Your Project’s Safety Net
Eber & Associates wants to see your project succeed. We’re here to support you throughout the construction process with the insurance you need. The right builders risk insurance policy can save you time and money with any construction project.
If you think builders risk insurance might fit your needs well, please get in touch with us today by submitting a request form or speaking with an agent.
Custom Insurance the Smart Way
When it comes to custom insurance solutions, you need a team you can trust to help you find the perfect fit. Let Eber & Associates guide you to a more secure tomorrow with the care, coverage, and confidence you deserve.
