Cypress Builder's Risk
Builder's risk insurance, also known as course of construction insurance, is a type of property insurance that helps protect construction projects entirely from beginning to end. It also helps protect materials, supplies, and equipment. Buildings are subject to many different risks while under construction. Therefore, builder's risk insurance is an important coverage that protects your investment in these unforeseen risks.
Builder's risk insurance helps protect construction projects from property damage due to
- Fire
- Lightening
- Theft
- Vandalism
- Explosions
- Hail
Builder's risk insurance can also help cover additional soft costs or expenses not directly related to construction, if property damage cause a delay this can include
- Loss of sales
- Rental income
- Additional interest in loans
- Real estate taxes
Because every construction project is unique, each builder's risk policy is different. Our team will help customize and structure your policy to fit your project needs.