California Builders Risk Insurance

Builders Risk Insurance

Our company is the leading provider of Builder’s Risk (Course of Construction) Insurance in California with immediate access to the best rates insurance carriers offer.

Frequently Asked Questions (FAQ)

Who should carry builders risk insurance?

Any person or company with a financial interest in the construction project needs builder’s risk insurance

What does Builders Risk insurance cover?

Builders Risk Insurance provides coverage for any construction Project from :
Fire, Theft and Vandalism

Do you need builders risk insurance for renovations?

Homeowners should always have builder’s risk insurance for any construction or major renovation.
If the project is being financed, the lender will typically require proof of a builder’s risk policy.

Does BR policy provides Liability coverage ?

No, BR policy is strictly property coverage.
Whoever some Insurance companies offer Premises Liability rider . Which covers slip and fall accidents for visitors.

If you are building a new home or remodeling an existing structure, you will most likely have a builder’s risk insurance policy requested by the bank, which provides you with the construction loan. The party responsible for purchasing coverage is almost always either the property owner or the contractor. In most projects the owner takes responsibility for purchasing coverage.

You can expect to pay 0.15 – 0.2% (depends on deductible) of the completed project value for new construction and up to 0.4% for remodeling project.

We have access to the least expensive yet high quality Builder’s Risk policies offered in California by companies such as Zurich and Quanta (Builders and Tradesmen). Besides, we offer the most competitive rates on insuring your completed construction and remodeling projects – both residential and commercial.

Builder’s Risk Insurance is a fairly inexpensive property policy designed to provide coverage for property while under construction or being remodeled. These policies cover damages or destruction by fire, lightening, wind storm, hail, explosion, aircraft, motor vehicle, smoke, vandalism and malicious mischief. Liability is not included in Builder’s Risk policy and should be purchased separately. Our agency offers both Builders Risk and Liability insurance for your construction or remodeling project.

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or call us 800-448-9243

Independent Insurance Agency, USA
Founded in 1991
License. #:0833821