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:::Builder's Risk |
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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.
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