Specialized coverage for construction projects — protecting the structure, materials, and equipment from groundbreaking to the final walkthrough.
Overview
Builder's risk insurance (also called course of construction insurance) covers buildings and structures while they're under construction or renovation. Standard property insurance doesn't cover buildings that aren't yet complete, which means every construction project — from a residential addition to a commercial build-out — carries significant uninsured exposure without it. Builder's risk fills that gap, covering the structure, materials on-site, and equipment against fire, theft, vandalism, weather damage, and more.
Why It Matters
Construction projects in South Florida face unique risks — hurricane season, tropical storms, and high theft rates on job sites. A fire, storm, or theft event mid-project can result in hundreds of thousands of dollars in losses with no coverage to fall back on. Builder's risk ensures that a setback doesn't become a financial catastrophe for the owner, developer, or contractor.
Is This Right for You?
Homeowners undertaking major renovations or additions
Real estate developers and investors
General contractors on residential and commercial projects
Property owners building new construction
Lenders requiring coverage as a loan condition
Subcontractors with significant material exposure on job sites
Common Questions
Either party can purchase it, and the policy can cover both. Typically, the property owner or developer purchases the policy, but it's often negotiated in the construction contract. We'll help you structure coverage that satisfies all parties.
Policies are typically written for the duration of the project — 3, 6, or 12 months — with the option to extend if the project runs long. Coverage ends when the project is complete and a standard property policy takes over.
Most builder's risk policies cover wind damage, but terms vary by carrier. In Florida, it's critical to review the wind and named storm provisions carefully. We make sure your policy addresses South Florida's specific weather risks.
Standard exclusions typically include employee theft, mechanical breakdown, faulty workmanship, and flood (which requires a separate policy). We'll walk you through any gaps and recommend additional coverage where needed.
As an independent agency, we shop multiple carriers to find you the best rate. No obligation — just honest advice.
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