Contact Us


What Is Builder’s Risk Homeowners Insurance?

Builder’s Risk Insurance

What Is Builder’s Risk Homeowners Insurance?Builder’s risk homeowners insurance is a way for you to protect your house during the phase of construction, or should you be getting renovations. With builder’s risk insurance, you can secure financial protection for construction projects.

The construction project in question could involve building a new home, or renovations. Construction lenders can require this kind of insurance. That is why this is also known as construction loan insurance, renovation insurance and even home building insurance.

What Should You Know About Builder’s Risk Insurance?

An insurance company can provide you with builder’s risk homeowners insurance. You’ll get extensive coverage for property loss as well as property damage. This insurance policy also provides protection against vandalism, theft, as well as natural disasters.

The policy you get from your insurance agency could also cover damage to construction materials. Coverage can extend to structures that are temporary, such as fencing, and subdivision signs. You can also get coverage for landscaping as well as scaffoldings.

What Is Covered By Builder’s Risk Homeowners Insurance?

The kind of coverage you get from your builder’s risk homeowners insurance extends to homes that are undergoing constructions or renovations. Usually, it’s the equipment found on the site that’s covered, as well as supplies and materials.

The perils that are covered by your insurance agency will tend to vary. However, most builder’s risk homeowners insurance policies cover loss or damages from the following:

  • Hail
  • Fire or explosions
  • Lighting
  • Vandalism
  • Theft
  • Aircraft collision
  • Vehicle collision

As an example, say your contractor brings expensive lumber to the construction site, but it gets stolen by a thief. Once the deductible has been laid, your builder’s risk policy should cover you for that theft.

What Won’t Be Covered By Your Builder’s Risk Homeowners Policy?

There are some things that won’t be covered by the builder’s risk homeowners policy you get from your insurance company. For example, your contractor should still have general liability insurance of their own. This is in order to cover instances involving bodily injury as well as property damage, where the contractor is deemed to be at fault.

Exclusions can also include earthquakes, floods, acts of war and terrorism, theft by employees, mechanical breakdowns, as well as fault design. Workmanship related losses as well as wear and tear also fall under exclusions.

If you want to learn more about or get builder’s risk homeowners insurance from an insurance company, then consider Sungate Insurance Agency. Those who live in Orlando, Lake Mary, Longwood and Heathrow in Florida should consider visiting the Sungate Insurance Agency to get builder’s risk homeowners insurance.

Need Help to Review Your Insurance or Compare Quotes? Contact Us.

What Is Builder’s Risk Homeowners Insurance?


Contact SunGate Insurance Agency today learn more about the type of insurance you need. Click here to contact us or call (407) 878-7979.

SunGate Insurance Agency Coverage
Home InsuranceAuto InsuranceHealth InsuranceGroup InsuranceProperty InsuranceRV InsuranceRenters InsuranceEvent InsuranceInsurance BondsLife InsuranceBusiness InsuranceWorkers CompFlood InsuranceUmbrella Insurance and more!

Located in Lake Mary, Florida (serving clients Nationwide and locally in Orlando, Maitland, Heathrow, Longwood, Windermere, Kissimmee, Orange County, Seminole County, Lake County, Ocala, Clermont, Leesburg, Mt. Dora, Winter Garden, Davenport and surrounding Central Florida areas.)

Share this page

Comments are closed.

Best Insurance Award 2020