“Sticks and Bricks”

Builders risk provides flexible, comprehensive coverage during the course of construction. Coverage includes property, scaffolding, temporary structures and theft of materials. Builders risk also offers coverage that extends beyond the dwelling or structure such as debris removal, pollution cleanup and removal, fences, trees and outdoor property.

After Hours

Just like knowing when to pack up and head home after another great day at work, grasping when coverage ends for a builders risk policy might seem a little fuzzy at times. Any of theses could trigger an end to a clients’ builders risk coverage, whichever occurs first:

• Clients interest ceases because:

  • The policy expired or was canceled

  • The property was accepted by an owner or buyer

  • The property was abandoned without intention to complete

• When the property is leased or rented to others

• When permanent property insurance becomes applicable

• 60 to 90 days after occupancy, depending on the coverage form selected at issuance

***These are general guidelines and other provisions may apply for clients’ specific policies.