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Residential and
Commercial Course of Construction Coverage
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Program Highlights |
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- Available for US
based insureds with construction projects in the US, except projects
located in Tier 1 counties in FL, TX, LA, MS, AL, GA, SC, NC, VA, MD
- Coverage term
available up to 24 months
- Minimum Premium
$1,000
- All Protection
classes
- Deductible
options from $1,000 up to $50,000
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Coverages |
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Coverages available
through the Builder's Risk program: |
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Coverage |
Automatically Included |
Can be increased to
(for an additional
premium) |
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Existing
Structures |
As Declared |
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Earnings,
Rents and Soft Costs |
$25,000 |
$250,000 |
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Property
While at Other Locations |
$25,000 |
$250,000 |
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Property in
Transit |
$25,000 |
$250,000 |
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Construction Trailers & Contents |
$25,000 |
$50,000 |
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Trees, Shrubs
and Plants |
$10,000 |
$50,000 |
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Ordinance
or Law |
$100,000 |
$1,000,000 |
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Earthquake |
n/a |
Building Limit |
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Flood |
n/a |
Building Limit |
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Wind |
Building Limit |
n/a |
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Additional Coverages |
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Coverages that are automatically
included:
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Coverage |
Automatically Included |
Can be
increased to
(for an
additional premium) |
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Construction Documents |
$10,000 |
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Construction Signs |
$2,500 |
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Pollutant Cleanup |
$25,000 |
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Debris Removal |
$25,000 |
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Fungus, Wet Rot, Dry Rot and Bacteria |
$10,000 |
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Expediting Expense |
$10,000 |
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Fire Department Service Charges |
$5,000 |
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Fire Protection - Device Research Expense |
$25,000 |
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Contractual Penalties |
$25,000 |
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LEED Indoor Air Quality Standards
Restoration Expense |
$25,000 |
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Sinkhole Collapse |
Included |
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Testing / Mechanical Breakdown |
Included |
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Blanket Loss Payee |
Included |
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Unintentional Errors or Omissions |
Included |
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Rain, Snow, Sleet, Sand or Dust |
Included |
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Definitions |
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Soft Costs means
expenses relating to covered property consisting of:
- Advertising and
promotional expenses
- Architectural
and engineering supervisory services and consulting fees
- Audit and
bookkeeping services
- Commissions or
fees for the renegotiation of leases
- Fees for
licenses and permits
- Insurance
premiums for Builder's Risk, Workers' Compensation and General
Liability insurance
- Interest on the
construction loan
- Realty taxes and
other assessments
- Rental or lease
expense of construction equipment
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Disclaimers
Coverages referenced on this
website may not be available in all territories and may vary depending
on the exposure. Minimum premiums may vary by
State. Coverages and services described in this website are generally stated for the purpose of promotion. The material does not modify or amend the
terms, conditions, or coverages of any policy. Please ask your Supple-Merrill & Driscoll, Inc. representative to explain coverage details,
exclusions, limits
or other provisions of any insurance policy.
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