Builders Risk

Builders Risk Insurance will cover the physical structure and materials of a building when it is under construction either for a new construction project or a remodel job.  It is highly advisable for any owner to purchase Builder’s Risk to make sure if something happens during the construction process they do not have to come out of pocket with substantial money.  If there is a loan on a property Banks will require that a Builder’s Risk policy be put in place listing the bank as the loss payee.