Let us help you obtain builders risk insurance to protect your interests during construction.
As a builder or renovation company dealing with residential, commercial, or industrial structures, you can have a considerable investment into building materials, fixtures, and other components. If something should happen before ownership is fully transferred to your customer, you could suffer a large financial setback. The solution is to have builders risk insurance in place. At Legacy Insurance Partners, with offices in Davidson, Hickory and North Wilkesboro, North Carolina, our business insurance consultants can assist you with getting the insurance coverage you need.
Your consultant will take the necessary time to fully understand the amount of risk you face and what your risk tolerance is so that your builders risk insurance will give you the protection you need. We will also address all your questions and concerns, not only about this particular coverage, but also any other business insurance needs that you might have. Once the coverage you need has been determined, we will go to work utilizing a multiple-carrier rating system to compare numerous competing insurance company rates to offer you the best possible value. Our tailored approach means you will always get the best policy for your needs.
If you have any questions about builders risk insurance and what types of damages are covered by this type of insurance, don’t hesitate to reach out to us. We look forward to using our talent, expertise, and experience to provide you with insurance solutions for your business. Call today to learn more about insurance for you or your company.
FAQs About Builders Risk Insurance
If you are a contractor, renovator, builder, or developer, one type of insurance that you likely need is builders risk insurance. At Legacy Insurance Partners, we can provide you with a policy to protect your next project, and we have answered some common questions we receive about builders risk insurance below.
What is builders risk insurance?
Builders risk insurance is a type of property insurance that covers buildings and structures under construction or renovation. It typically protects against damage from fire, theft, vandalism, weather events, and other risks.
Who needs builders risk insurance?
Anyone who has a financial interest in a construction project should consider securing a builders risk insurance policy. Some of the parties we generally help find this type of insurance include property owners, contractors, subcontractors, developers, and others.
What does this type of insurance typically cover?
Most builders risk insurance policies cover structures under construction, onsite materials and supplies, temporary structures, and equipment. Some policies can also cover soft costs, such as permits and architectural fees.
How long do builders risk policies last?
Most builders risk insurance policies start when the construction begins. They end when the project is completed, or the property is occupied or put to its intended use.
How do I secure a policy?
If you need a builders risk insurance policy to help you protect your operation, turn to us. We can put together a policy that aligns with your goals and the needs of your project.
With builders risk insurance representatives serving the communities of Asheville, Davidson, Greensboro, Hickory, North Wilkesboro, Albemarle, and Raleigh, North Carolina, our team at Legacy Insurance Partners is available to partner as your trusted business insurance advisor utilizing a consultative approach.