Grants Pass Insurance Agency Offers peace of mind with Builder’s Risk Coverage

by PRC Agency PR

There’s no greater feeling than building something. But if you’re a construction contractor or an owner-builder, you know that your job is not without its fair share of snags. Luckily, Midland Empire Insurance has builder’s risk packages to help you navigate risks successfully.

Its insurance plans provide you with a financial safety net should untoward events happen on your construction site. They cover damage caused by fire, lightning, hail, theft, vandalism, and acts of God.

Learn more by visiting http://midlandempireinsurance.com

The broker's insurance packages can likewise cover your materials and supplies, whether they’re already onsite or still in transit. If you’re a general contractor, owner-builder, home renovation expert, or an architect, these policies can be a real lifesaver.

According to data from Rocket Mortgage, building a typical house costs roughly $282,000. Even modest remodeling projects can still command upward of $20,000.

A significant reason for these steep costs is the burgeoning prices of construction materials, which grew 20% between January 2021 and January 2022. Builder’s risk insurance gives you greater peace of mind as you can rest assured that any lost materials will be reimbursed.

A company representative says: “Construction has many moving parts, so a lot can happen between when you start and finish a project. That’s why you need builder’s risk insurance.”

Depending on the specifics of your plan, builder’s risk insurance can also protect you against lost revenues should construction be halted. Furthermore, you have the option of extending the coverage period if project completion is delayed. A standard plan costs between 1% to 5% of your total construction budget.

To better understand the cost of a builder’s risk insurance, give Midland Empire Insurance a call for a quote. And for even greater savings, ask about bundling your insurance package with corporate auto insurance.

About Midland Empire Insurance

Midland Empire Insurance sells policies that help individuals and businesses recover from unforeseen events. In addition to builder’s risk insurance, it also sells home, auto, agriculture, health, and life insurance packages. Serving Customers in Oregon and California with offices in Grants Pass and Klamath Falls.

A spokesperson says: “Construction is a rewarding trade, but it is not without risk. That’s why it’s important to get an insurance policy that covers your project site. Builder’s risk insurance allows you to focus on what you do best: build structures that delight your clients.”

Getting builder’s risk insurance doesn’t have to be expensive or confusing. Midland Empire Insurance will make sure you have a great deal and a great customer experience!

Go to http://midlandempireinsurance.com for more details.