What is builder's risk insurance?

Builder's risk insurance is a specialized type of property insurance that covers buildings under construction, renovation, or repair against damage from covered perils.

Builder's risk insurance is a specialized type of property insurance that protects buildings and structures under construction. It covers materials, equipment, and supplies on-site, in transit, or temporarily stored offsite.

A fire damages a partially completed office building. Builder's risk insurance covers the cost to repair the structure and replace damaged materials.

Work with an insurance broker to tailor a builder's risk policy that matches the specific needs of your construction project.