Builder’s Risk Insurance
Builder’s Risk insurance, also known as Course of Construction insurance, is a specialized type of coverage designed to protect construction projects during the building phase. Whether you’re constructing a new building, renovating an existing structure, or undertaking a major remodeling project, Builder’s Risk insurance provides essential protection against a range of risks that could derail your project and lead to financial losses.
We understand the unique challenges faced by builders, contractors, and property owners during the construction process. That’s why we offer comprehensive Builder’s Risk insurance policies tailored to your specific project needs. Our goal is to provide you with peace of mind knowing that your investment is protected from unforeseen events that could delay completion or result in costly damage.
Key features of Builder’s Risk insurance include coverage for:
Property Damage:
Builder’s Risk insurance covers the structure itself, as well as materials and supplies used in construction, against damage from perils such as fire, vandalism, theft, and severe weather events.
Loss of Income:
In the event that construction is delayed due to a covered loss, Builder’s Risk insurance can help cover the costs of lost income or additional expenses incurred as a result of the delay.
Equipment and Tools:
Builder’s Risk insurance can also extend coverage to construction equipment, machinery, and tools used on-site, protecting them from theft, damage, or loss.
Liability Protection:
Depending on your policy, Builder’s Risk insurance may include liability coverage to protect against claims for bodily injury or property damage arising from construction activities.
Our experienced agents will work closely with you to assess your project’s unique risks and recommend the appropriate coverage options to mitigate those risks effectively. With Builder’s Risk insurance from Alonge Family Insurance, you can focus on bringing your construction project to fruition with confidence, knowing that you’re protected every step of the way.
Contact us today to learn more about our Builder’s Risk insurance solutions and to request a personalized quote. We’re here to support your construction endeavors and help you safeguard your investment from start to finish.
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