Builder’s Risk Insurance
New Construction – Builder’s Risk Policy
Builder’s risk insurance policy that is designed to cover property in the course of construction.
Coverage is usually written on an all risks basis and typically applies not only to property at the construction site but also to property at off-site storage locations and in transit. Builder’s risk insurance can be written on either a completed value or a reporting form basis; in either case, the estimated completed value of the project is used as the limit of insurance.
An advantage that allows On The Move Insurance Agency to secure your builder’s risk coverage is that we write our builders risk policies through our Self-Storage specific carriers. This allows the policies to convert to the correct Self-Storage specific coverage for your new facility upon completion.