Builder’s Risk Insurance is a special type of property insurance which indemnifies against damage to buildings and materials while under construction. Builders risk covers perils such as fire, wind, theft and vandalism. Coverage is typically during the construction period only, and is intended to terminate when the work has been completed and the property is ready for use or occupancy. Once the home is completed the new owner will take out permanent property insurance on the building such as a Homeowner’s policy.
For more information, please contact one of our insurance team.