What does builder's risk insurance cover?

It covers the structure under construction, materials on-site, in transit, or stored off-site, and sometimes soft costs like lost sales or additional interest expenses due to delays.

Builder's risk insurance typically covers property damage to buildings under construction, materials, equipment, and temporary structures like scaffolding. It protects against specific perils like fire, theft, vandalism, and certain weather-related damages.

Heavy rains delay construction and damage materials stored on-site. Builder's risk insurance covers the replacement of the materials.

Review your policy carefully to understand covered perils and exclusions, adding endorsements as necessary for additional risks.