This Expert Insurer Provides Builder's Risk Insurance To Protect Your Projectby DAVIS BROWN PRC Agency
Are you looking for builder's risk insurance to protect your construction project? If you answered 'yes', then this insurance provider is for you!
BuildersRisk.net has launched its builder’s risk insurance service. The company offers insurance policies that provide coverage for properties and buildings during the construction process.
You can get more information at www.buildersrisk.net.
The newly launched service covers ground-up building projects as well as renovations. Coverage from a builder’s risk insurance policy also extends beyond the building itself to protect equipment and costs of construction.
By purchasing builder’s risk insurance you can protect your business from unexpected damages and secure the future of your commercial or residential construction projects.
In most cases a policy covers labor, materials, and equipment used during the course of the construction project. This includes coverage for HVAC equipment, scaffolding, signage, plants and trees, cribbing, false work, fencing, vandalism, theft, and fire. Some policies also cover profit.
Not included in builder’s risk insurance are earthquakes, floods or wind damage in coastal areas, which usually require additional coverage unless specifically added to the policy.
A builder’s risk policy typically costs 1% to 5% of the total construction budget and can be customized to meet your specific needs.
It is required to insure the project to 100% of the final value of rebuilding. This value does not include the value of the land.
Policies typically last three, six, or 12 months and can be extended until the project is completed or the structure is occupied. A new policy is needed once the project is completed.
While the law generally does not require a builder’s risk insurance policy, many clients will refuse to work with you if you do not have one.
Builder’sRisk.net offers free quotes. After you get in touch, the company shops A-rate insurance carriers to find the best coverage at the lowest price. The company then reviews the best options and then lets you decide on a policy.
You can then set up a payment plan and then you will receive your certificate to commence coverage.
You can get more information about BuildersRisk.net by visiting the website listed above or by calling 877-960-0221.
Created on Jun 23rd 2020 06:21. Viewed 338 times.