Often, yes. Lenders typically require proof of builder's risk insurance to protect their financial interest in the project.

Yes, many lenders require builder's risk insurance as a condition for financing construction projects to ensure the structure is protected during development.

After completing a multi-unit complex, the builder secures permanent property insurance to replace the builder's risk policy.

Evaluate site-specific risks, such as vandalism or theft, and implement security measures to reduce premiums and improve site safety.