Mitigate risk during construction with proper insurance coverage.
Also known as course of construction insurance, builders risk insurance is a form of property insurance that provides coverage for structures and buildings under renovation or construction. The purpose of builders risk insurance is to protect the owner, the general contractor, and others who are involved in the construction process from financial loss if damage occurs during construction.
Most builders risk insurance policies cover the physical structure of the building, the materials being used to construct the building, and the equipment involved in the construction project. Coverage may also extend to temporary structures, such as fencing or scaffolding, and even off-site storage locations where building materials are held.
If you acquire a builders risk insurance policy, your coverage will likely provide protection against fire, theft, vandalism, explosion, windstorms, and certain natural disasters. But it is important that you fully review your policy and understand what is and isn’t covered, so you feel confident about moving forward with your construction project.
If you need builders risk insurance for an upcoming or ongoing construction project, we can help you find the best possible coverage at Legacy Insurance Partners. We are here to help you secure a policy with comprehensive coverage at a rate that works for your organization.
We would be happy to help you explore your options for builders risk insurance. Contact our insurance professionals at Childress Insurance, a Legacy Partner, in Albemarle, North Carolina today to get this process started.
With builders risk insurance representatives serving the communities of Asheville, Davidson, Greensboro, Hickory, North Wilkesboro, Albemarle, and Raleigh, North Carolina, our team at Legacy Insurance Partners is available to partner as your trusted business insurance advisor utilizing a consultative approach.