Provides the funds to reconstruct a home, commercial property, or the portion of either that is undergoing a renovation.Builders risk should also include the PROFIT of the builder or remodeler so they don’t have to reconstruct the property for free.
True Builders Risk also includes coverage for building materials and appliances that are: “in transit” or “on the premises, but not necessarily installed”.This is a very important distinction between a TRUE builders risk policy and a homeowners policy that has been endorsed for builders risk. The builders risk endorsed homeowners policy would typically NOT provide coverage for building materials or appliances that have yet to be installed. This is very important as most claims are from THEFT of building materials and appliances that have yet to be installed.
Builders Risk insurance continues to remain widely available and competitively priced.
ProActively Serving All of Southwest Florida: Naples, Marco Island, Bonita Springs, Ft. Myers, Cape Coral