The building under construction or renovation
The applicable limits, conditions, deductibles, and exclusions depend on the selected policy and risk.
Commercial coverage
Builder's Risk Insurance
Property coverage for buildings and eligible property while construction, renovation, or major remodeling is underway.
What Builder's Risk Insurance Can Address
Builder's Risk, also called Course of Construction insurance, is property coverage designed for buildings and eligible property during new construction or substantial renovation or remodeling. Subject to policy terms, it may cover materials, supplies, fixtures, and equipment intended to become part of the project at the site and, when provided by the policy, in temporary storage or transit. Builder's Risk does not replace General Liability, Workers' Compensation, Commercial Auto, or contractor liability coverage. Availability varies by insurer.
Eligible materials, supplies, fixtures, and equipment intended to become part of the project
The applicable limits, conditions, deductibles, and exclusions depend on the selected policy and risk.
Property at the project site and, when the policy provides it, property in temporary storage or transit
The applicable limits, conditions, deductibles, and exclusions depend on the selected policy and risk.
Who commonly reviews this coverage
- Owners and developers with an insurable interest in new construction or a substantial renovation or remodel
- General contractors and other project parties with an insurable interest
- Parties required by a construction contract or lender to arrange project property coverage
Details to examine
Project value or completed value, construction type, project address, and the percentage already completed if work has begun
Connect this point to the operation, contracts, current values, and requested policy structure.
Start date, expected completion date, contractor experience, and protection or security at the site
Connect this point to the operation, contracts, current values, and requested policy structure.
Wind, hail, and other catastrophe exposure; flood coverage must be specifically evaluated and should not be assumed
Connect this point to the operation, contracts, current values, and requested policy structure.
Optional or policy-specific considerations such as soft costs, delay in completion, ordinance or law, testing, equipment breakdown, and existing structures
Connect this point to the operation, contracts, current values, and requested policy structure.
Prepare for a useful quote
Current, specific information helps an underwriter understand the risk and reduces avoidable follow-up.
- Project address, scope, construction type, and project or completed value
- Start date, expected completion date, and percentage completed if work is underway
- Owner, developer, general contractor, contractor experience, and other parties with an insurable interest
- Site protection, security, wind and hail exposure, catastrophe details, and the specific need for flood or other extensions
Prepare for every stage of the Builder's Risk Insurance decision
Use these focused guides to compare policy structure, prepare a submission, review contracts, plan for claims, and identify gaps before buying or renewing coverage.
Coverage Basics
Understand the purpose, common uses, and important boundaries of this coverage before comparing terms.
Open this guide →Cost Factors
Review the operating details that can influence eligibility, pricing, deductibles, and available terms.
Open this guide →Limits and Deductibles
Connect credible loss scenarios with policy limits, sublimits, aggregates, deductibles, and retained risk.
Open this guide →Quote Preparation Checklist
Organize current, specific information that helps a specialist and underwriter understand the account.
Open this guide →Renewal Checklist
Use renewal as a structured review of operational changes, values, exposures, losses, and policy terms.
Open this guide →Claims Readiness
Prepare reporting, documentation, decision authority, and continuity procedures before a loss occurs.
Open this guide →Contract Requirements
Compare insurance requirements in leases, customer agreements, loans, and vendor contracts with the actual policy.
Open this guide →Common Coverage Gaps
Identify exposures that may sit outside the policy or require endorsements, separate coverage, or higher limits.
Open this guide →Loss-Control Priorities
Connect practical controls with the incidents most likely to interrupt the business or create a severe claim.
Open this guide →Questions to Ask Before Buying
Turn a proposal into a focused conversation about covered parties, triggers, limits, exclusions, and claim response.
Open this guide →Review related insurance terminology
Use the commercial insurance glossary to clarify common policy, limit, valuation, and underwriting terms.
Open the glossary →Fit the coverage to the business
These descriptions are general and do not amend any policy. Eligibility, availability, limits, deductibles, exclusions, and terms vary. Review actual policy documents with an appropriate insurance professional.