Why Builders Risk?
Simple Explanation
Think of it like a safety net for construction projects. If something unexpected happens — like a fire, theft, or storm — while the building is under construction, builder’s risk insurance helps pay to repair or replace the damaged parts.
Builder's Risk Insurance, also known as course of construction insurance, is a special type of property insurance designed to protect buildings and structures while they are being built or renovated.
What It Usually Covers:
- Fire and lightning
- Theft or vandalism
- Wind, hail, or certain weather events
- Damage to building materials (on-site, in transit, or temporarily stored off-site)At AW Insurance Group, we pride ourselves on providing exceptional customer service. We are always available to answer your questions, provide guidance, and help you navigate the insurance process.
What It Usually Doesn’t Cover:
- Employee injuries (covered by workers' comp)
- Accidents or negligence (covered by liability insurance)
- Earthquakes and floods (often need extra coverage)
- Faulty workmanship or design errors