How is the premium for builder's risk insurance calculated?

Premiums are based on the project's value, location, construction type, duration, and coverage limits.

Premiums are calculated based on factors like project size, location, construction type, coverage limits, and the project's overall value.

Premiums for a high-rise project in an urban area are higher due to increased risks of theft and vandalism.

Discuss adding flood and earthquake coverage with your insurer if your project is in a high-risk area.