Builders Risk/Course of Construction Insurance/Installation Floater
A Builders Risk Insurance Policy (also known as Course of Construction/COC Insurance) is designed to protect the contractor and property owner from a loss that happens during construction or renovation projects. We can provide you with multiple options based on your project and the amount of property/liability exposure you have.
Call 877-428-8778 for a free quote on your construction project!
How Much is a Builders Risk/Course of Construction Policy/Installation Floaters?
The cost of COC Insurance is based off many factors that include the size of the project, amount of property being insured, contractors claims history, the amount of security at the location in question, etc.
It’s best practice to purchase a Builders Risk insurance policy before the project begins. Some insurance companies will even choose to decline projects that have already begun.
Don’t Assume You’re Covered!
Many personal and commercial insurance policies decline to provide coverage when they find out your property will have major renovations and construction taking place. You’ll need a policy written specifically for the extra risk a construction site with multiple laborers and added construction material will bring.
Builders Risk Insurance Can Cover More Than Just Property
Make sure you’re covered where you need it most. Many course of construction insurance policies can provide optional insurance coverage for:
-Loss of Rent From Delay of Completion
-Real Estate Taxes
-Bond & Permit Fees