Protect Your Business Before Your Next Project!

During the time when a home or building is under construction, a lot can go wrong. 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.

Builders Risk Insurance in PA

Builders Risk insurance is designed to protect your property during the construction phase in the event that an accident occurs. 

Building or remodeling a property can be risky, and a lot can go wrong in the process. An uncapped wire or soldering a pipe can lead to hundreds of thousands of dollars in damage, so it’s important that you have the correct insurance coverage in place throughout the project’s duration to protect your investment.

Builders risk policies are specifically used during ground-up construction or remodeling. The limits on your policy will vary depending on the size and scope of the project. Insurance companies value risk by the location, cost of construction, and size of the project. For example, renovating a flip property in Glen Mills, PA is going to be seen as far less of a risk than the construction of a brand new commercial building in a city like Philadelphia.

 

Builders risk insurance policies can differ depending on the scope of the project, but it typically covers the following property losses due to:

  • Fire 
  • Hurricanes 
  • Lightning 
  • Hail 
  • Vandalism 
  • Theft 
  • Soft costs

Get a PA Builders Risk Insurance Quote Here

Click below to get your free quote or call Risk Averse Insurance in Media PA at 610-335-1139.