{"id":1199,"date":"2022-05-31T06:17:01","date_gmt":"2022-05-31T06:17:01","guid":{"rendered":"http:\/\/www.prontoinsurance.com\/blog\/?p=1199"},"modified":"2022-06-01T06:21:46","modified_gmt":"2022-06-01T06:21:46","slug":"do-i-need-builders-risk-insurance","status":"publish","type":"post","link":"https:\/\/www.prontoinsurance.com\/blog\/do-i-need-builders-risk-insurance\/","title":{"rendered":"Do I Need Builder’s Risk Insurance? How This Policy Works"},"content":{"rendered":"

Many insurance and construction industries experts will tell you that a builder’s risk insurance policy is the foundation of an effective risk management program. This is an added expense, though, so you may be leery of adding yet another thing to understand and pay for. You may be asking questions like do I need builders risk insurance? Can’t I run my company without it? Pronto Insurance is here to help you figure it all out!<\/span><\/p>\n

Table of Contents<\/b><\/p>\n

What is Builder’s Risk Insurance?<\/span><\/p>\n

Do I Need Builder’s Risk Insurance?<\/span><\/p>\n

Pronto Insurance for all Your Commercial Insurance Needs<\/span><\/p>\n

What Is Builder’s Risk Insurance?<\/span><\/h2>\n

Builder\u2019s risk insurance, sometimes called course of construction insurance, covers property and construction materials during a renovation or construction project. It is a type of commercial insurance that covers the property on construction sites when it\u2019s destroyed or damaged by fire, wind,\u00a0 vehicle collisions, vandalism, or other accidents.\u00a0<\/span><\/p>\n

All builder\u2019s risk insurance policies will cover the building that\u2019s being constructed or renovated. It usually also covers materials that you store off-site that are damaged or lost in transit to the construction site. After that, policies begin to differ. Some builder’s risk insurance policies also cover construction materials stored off-site and cleanup costs, including debris removal.<\/span><\/p>\n

Some causes of loss that are often excluded from builder\u2019s risk insurance policies are:<\/span><\/p>\n