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Builders Risk Insurance for New Construction and Renovated Buildings in the Philadelphia Area

Having Builders Risk Insurance while you build or renovate your investment properties can prevent you from losing your investment in the event of a claim.

 

Flipping homes or buying rental properties has become a booming business in Philadelphia in recent years, and for good reason… real estate is booming in the Philadelphia area right now. Kensington, Fishtown, Northern Liberties, and University City are just a few of the neighborhoods that are seeing a complete rejuvenation of old homes. Some are being restored, while others are being knocked down and completely rebuilt.

During the time when a home is under construction, a lot can go wrong. An uncapped wire, or soldering a pipe can lead to hundreds of thousands of dollars in damage and potentially shut down your dream of investing in real estate. It is important that you have the correct insurance coverage in place throughout the project life-cycle to protect your investment. Builders risk insurance is designed to protect your property during the construction phase. It is a property-only insurance policy that protects your investment property, and associated building costs should something happen to the structure itself.

In addition to money you have invested in the materials and labor, you have money tied up in legal fees, architecture, engineering, etc. that you’ll need to recoup in the event of a loss. A builders risk insurance policy will allow you to recover these expenses should disaster strike.

You will also need to consider who is responsible for obtaining the builders risk insurance and what the insurable interest is for each party. This could vary depending on who is building the structure, and may fluctuate throughout the project. Reviewing the project with an experienced agent on a case-by-case basis is your best bet.

At Risk Averse Insurance, we strive to provide you with the sufficient coverage and knowledge necessary to protect your investment and your future. Call one of our insurance professionals today to review your next construction project in the Delaware County area.

Call Risk Averse Insurance in Media, PA to discuss Builders Risk insurance for your business.Risk Averse Insurance is an insurance agency in Delaware County that specializes in providing high-quality insurance products at an affordable price.

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Don and Megan were extremely helpful and a pleasant to work with. Highly recommend. They went above and beyond to get me insured quickly and at a really good rate.
Jojo Anaya
Jojo Anaya
Our construction company recently switched over to Risk Averse Insurance. We moved all of our policies over to this company. Our agent, Don Blizzard, was amazing! He was upfront and explained everything to us so we understood what we were getting. He made the process very easy and the turn around was very fast! There were no issues! Not only did we get great deals, we got better coverage than we ever had. I would definitely recommend this company! They are the best!
Kelly Robb
Kelly Robb
I recently switched to this company this year for all my business insurances and couldn’t be happier. The service my agent Don Blizzard provides is amazing. I started recommending to all my colleagues and family. Definitely worth reaching out for quotes if you’re a business contractor. Thanks again team
Louis Litwin
Louis Litwin
Just had to file a big claim for a stolen vehicle full of all my professional equipment----the policy they wrote allowed me to get real value back for my stolen equipment so I can come back even stronger!! Big thanks to my agent Don Blizzard for doing such a great job!
Ed Sheridan
Ed Sheridan
Don Blizzard is my agent with Risk Averse and he is absolutely the best. He is quick to respond with any questions or concerns I may have, gets me my certs way faster than expected, and is great at explaining things in a way that a layman can understand. I highly recommend Don and Risk Averse Insurance.
Sean Carter
Sean Carter
Don is a great insurance guy he dose my personal and business insurance every time I call he answers and takes time to answer all my questions and guides me in the right steps
Blaine Kunselman
Blaine Kunselman
I have been using them for over 5 years now and I'm very happy with the service; they always do the best to get me the best and current up-to-date deals and excellent to deal with. I recommend.
Chauncey Brown Jr.
Chauncey Brown Jr.
Ive worked with Don for the last few year's. When I started my buisness I knew I needed help and didn't know where to start.I knew I needed an absolute beast of an agent and every other owner/ operator I talked too said if "You don't have Don Blizzard as an agent then you dont have the best agent. "He took a chance and helped me grow my buisness to where its at today. Riskaverse is the absolute best and since starting my buisness all my insurance is through them with help from Don Blizzard. He has a way to explain it to me where I understand my coverage and exposure and the commercial side including Meghan are the absolute best at getting COI'S sent to potential clients within minutes of requesting the copy.Hands down I only go where Don goes and I know whatever policies are written and where my coverage goes my loyalty will always lay with Don.He took a chance and grew with me and I'm forever grateful to all the staff at RiskAverse for being family and buisness friendly and not looking at me as a number or a client but actually caring and finding us the best for which suits our needs.#TeamDonBlizzard #TeamRiskAverse#TeamMegan
James LeBoon
James LeBoon
I work with Don. He has helped lots of my family and friends for their business and personal insurance. He is super responsive, honest, and hardworking to make sure you are fully taken care of in every aspect of your policy. He cares a great deal about each unique situation. I am fully confident anytime I refer Don.
Molly Eckman
Molly Eckman
Anytime I’ve needed assistance, the staff has always been accommodating. I have, and will continue to refer people here.
Allison Parasink
Allison Parasink
The best I've ever used. Don and the team make u feel protected and being able to lay your head on your pillow at night knowing you are protected is worth more than gold.
Dolans Bar
Dolans Bar
Don and his team have been great to work with and always very accessible which is important when dealing with the stress of getting your insurance set up and doing it right. Highly recommend!
Ryan Callahan
Ryan Callahan
I had the best experience. Don helped me with both auto and homeowners insurance in getting us the best price with great service. Highly recommend!
Gloria McAllister
Gloria McAllister
Fred Burns is the absolute best! Highly recommend!
joanne kelly
joanne kelly
Highly recommend!
Jennifer McGonagle
Jennifer McGonagle
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594 S. New Middletown Rd. First Floor
Media, PA 19063

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