Builder's Risk Insurance Information
Builders risk policies typically cover physical loss or damage to a structure while it is being built.
Coverage can vary by policy, but most plans may include protection for: 
- The structure itself, including framing, foundations, and installed fixtures
- Materials and supplies stored on-site, off-site, or in transit to the job site
- Temporary structures such as scaffolding and construction forms
- Damage caused by fire, wind, lightning, theft, and vandalism
Flood and earthquake coverage are generally not included in standard policies and may require separate endorsements or policies. Always review your policy carefully for specifics.
Who Needs This Coverage
General contractors, subcontractors, property owners, and developers all have a stake in protecting a project mid-build. In many cases, lenders financing a construction project will require builders risk coverage before funds are released. Even for self-funded projects, going without coverage exposes everyone involved to significant financial risk if an unexpected loss occurs.
How Long the Coverage Lasts
Builders risk policies are typically written for the duration of the construction project and expire upon completion or occupancy. Extensions may be available if a project runs over schedule, though terms vary by insurer.
Get the Right Coverage for Your Project
Every construction project is different, and the right policy should reflect that. Contact MTN Insurance Services today to discuss your project and find builders risk coverage that fits your needs and budget.