What Is Builder’s Risk Insurance?
Builder’s Risk Insurance — also known as Course of Construction insurance — is specialized property coverage for buildings under construction or major renovation. It can include coverage for the structure itself, as well as on-site materials waiting to be installed or delivered.
What Does Builder’s Risk Insurance Cover?
This policy covers physical damage caused by common risks such as:
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Fire
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Theft
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Vandalism
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Lightning
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Explosion
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Hail
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Wind (in some areas)
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Vehicle or aircraft impact
Coverage is available in 3, 6, or 12-month terms and can usually be extended once if the project takes longer than expected.
The coverage limit should reflect the full completed value of the project (excluding land), including labor and materials.
What’s Not Covered?
Standard exclusions typically include:
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Earthquake or flood (can sometimes be added)
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Employee theft
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Mechanical breakdown
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Weather damage to property in the open
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Faulty design, planning, workmanship, or materials
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Government action or war
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Voluntary parting
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Contract penalties
Be sure to review your specific policy for details.
How Much Does Builder’s Risk Insurance Cost?
Rates are based on:
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Type of project
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Construction materials
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Location (especially wind or flood zones)
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Duration of the policy
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Total insured value
We’ll help you get the right coverage without overpaying — no guesswork required.
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Learn More About Builder’s Risk Coverage
Builder’s risk policies can be nuanced — especially when dealing with subcontractors, material delays, or custom renovations. Our blog breaks down what builders, investors, and developers need to know about avoiding gaps in coverage and maximizing claim outcomes. Explore helpful tips, real-world examples, and updates on builder’s risk trends.
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Get Expert Help With Your Builder’s Risk Quote
Whether you’re starting a new build or halfway through construction, our team will walk you through the quoting process step-by-step. Call our office or submit your project details online — we’ll simplify the paperwork and help ensure your investment is fully protected.