New Jersey, NJ Builders Risk Insurance

Home Under Construction

Builders Risk insurance is available for personal and commercial buildings under construction.  When constructing a building a special type of coverage is needed called BUILDERS RISK.  It provides protection for the structure from perils such as fire, lighting, windstorm, etc.  Purchase of this coverage is necessary before construction starts.  If it is purchased after construction starts, then it becomes more difficult to obtain, and more costly!

Give us a call if you are considering constructing a home, dwelling, apartment, office building, manufacturing building, store, or any type of building, any construction type.

  • All types of construction
  • Frame
  • Masonry
  • Fire resistant, etc.

General liability is needed in addition to builders risk.  Builders risk covers the physical building.  To make it simple, general liability provides coverage in case someone gets hurt on the property during construction.

Special Program – Builders Risk Insurance for Homeowners

We have a great unique product.  If you are having a contractor build a home from the ground up and it will be your personal home upon completion, we can write a HOMEOWNERS POLICY INSTEAD OF A BUILDERS RISK POLICY.  You must purchase coverage before construction begins and the builder must have contractors general liability. If you are acting as the general contractor then this program is not applicable.  Better coverage, and better premium! The homeowners policy provides coverage for the building and general liability.

Requirements

  • You must supply us with a certificate of insurance from the builder.  The holder will be this agency.
  • Construction must not be started.
  • If there is an existing structure that needs demolition coverage cannot be started until after the demolition.
  • The home to be built is solely for the use of the homeowner as a primary or secondary home.
  • No rental properties
  • No spec houses.