It was supposed to be the start of something great. The framing crew had dropped off materials for the new build: floor trusses, plywood, and windows still in their packaging. The foundation was poured, the lot was prepped, and work was set to resume on Monday. But when the crew showed up? The lumber was gone. Thousands of dollars in materials vanished overnight. No security. No cameras. And worst of all, no builder’s risk insurance.
What Is Builder’s Risk Insurance?
Builder’s risk is a specialized insurance policy designed to protect property under construction.
Whether you’re a:
– Homeowner building your dream house
– Investor flipping a property
– GC running a new development
– Business owner remodeling your location
You need to protect the structure and the materials from theft, vandalism, fire, or weather damage, even before the job is finished.
Who Should Buy It?
That depends on the contract. Builder’s risk can be purchased by:
– The property owner
– The builder or contractor
– A lender requiring it as part of financing
The key is: someone needs to carry it. Otherwise, you’re flying without a net.
Why Home or Business Insurance Won’t Cut It
Traditional home or commercial property insurance expects the building to be:
– Secured
– Occupied
– Fully enclosed
If it’s just studs and open framing, your standard policy may exclude coverage entirely.
Builder’s risk is built for:
– Unfinished structures
– Exposed interiors
– Materials stored on-site
– Gaps in walls, roofs, and windows
Don’t Let Theft or Fire Derail Your Build
If you’re starting or managing a construction project, don’t skip this step.
Protect the build from day one.
We’ll help you figure out who should carry the policy, when to start it, and what coverage is needed for your job.
📞 Call us before the first truck rolls in.