Builder's Risk
Insurance
Builder’s Risk insurance (also known as Course of Construction insurance) is a specialized type of property insurance that protects buildings and structures while they are under construction, renovation, or repair. Unlike standard property insurance, which covers completed buildings, Builder’s Risk is designed to handle the unique, shifting risks of a job site. It is vital because it covers not only the structure itself but also the materials, equipment, and supplies on-site, in transit, or at temporary storage locations. For property owners and contractors, it provides the essential financial safety net needed to recover from fire, theft, vandalism, or weather damage that could otherwise derail a project’s timeline and budget.
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With Seguro Insurance, let us help you find insurance coverage for your Vehicles, Liabilities, Life, Health, and Property. If you have any insurance questions, I'd also be happy to answer them.
Andrew Pehrson
Agency Owner
NPN: 20406772
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Lis
"Amazing Broker. He lowered my insurance policy and I got a better deal in the coverage. What else I can ask. Fully recommend"
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"10/10 service! He helped our family save a significant amount on our car insurance, despite being previously told by another company we wouldn’t save more anywhere else. Highly recommend for local families."
Brennen
"Andrew is simply the best! Through his insurance agency, Seguro Insurance, he was able to help me save money on my auto insurance without compromising my coverage. His product knowledge and professionalism are second to none. During the whole process, I know Andrew always had my best interest at heart. Andrew has my business for life! In a few months, I will be going to Andrew to help me with life insurance. Thanks Andrew, keep up the good work! I am a mortgage loan officer, and I will be sending all my clients to Andrew to save money!"
More Info
Important Questions
Who is responsible for purchasing the policy?
Either the property owner or the general contractor can purchase the policy, but it is standard practice for both parties to be named as "Additional Insureds." This ensures that regardless of who holds the policy, everyone with a financial interest in the project is protected if a loss occurs.
What does it actually cover besides the "walls"?
A comprehensive policy covers:
The Structure: Foundations, framing, and finishes.
Materials: Lumber, HVAC units, and flooring waiting to be installed.
Labor & Soft Costs: Some policies cover the "soft costs" resulting from a delay, such as additional interest on loans, real estate taxes, and architectural fees.
When does Builder's Risk coverage end?
This is a critical "gotcha" in the industry. Coverage typically ends when the project is "substantially complete," when the building is occupied, or when the policy term expires. You must transition to a standard Homeowners or Commercial Property policy immediately upon completion to avoid a gap in coverage.
Does it cover my tools and the contractor's equipment?
Standard Builder’s Risk usually covers the materials that will become a permanent part of the building. It typically does not cover a contractor's tools, scaffolding, or heavy machinery. For those items, you need a separate Inland Marine (Tool & Equipment Floater) policy.
Does it cover "Acts of God" like floods or earthquakes?
Most basic Builder’s Risk policies exclude earthquakes and floods. Given seismic activity and the flash flood risks, you should almost always ask for these coverages to be added as "endorsements" to ensure your project isn't left vulnerable to the region's most common natural threats.
Looking for a First-Class Builder's Risk Insurance Consultant?
Excellent LLC dba Seguro Insurance is committed to serving you at the highest level with all your Insurance needs.
𝐒𝐄𝐆𝐔𝐑𝐎 𝐈𝐍𝐒𝐔𝐑𝐀𝐍𝐂𝐄
𝐄𝐚𝐠𝐥𝐞 𝐌𝐨𝐮𝐧𝐭𝐚𝐢𝐧, 𝐔𝐓, 84005
𝐋𝐢𝐜𝐞𝐧𝐬𝐞𝐝 𝐏&𝐂, 𝐇𝐞𝐚𝐥𝐭𝐡, 𝐋𝐢𝐟𝐞
𝐀𝐧𝐝𝐫𝐞𝐰 𝐏𝐞𝐡𝐫𝐬𝐨𝐧 𝐍𝐏𝐍: 20406772 | 𝐔𝐓: 944502 𝐀𝐙: 20406772
𝐒𝐞𝐠𝐮𝐫𝐨 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐍𝐏𝐍: 22132094 | 𝐔𝐓: 1108981 𝐀𝐙: 3004158989
𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐃𝐢𝐬𝐜𝐥𝐨𝐬𝐮𝐫𝐞: 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐚𝐫𝐞 𝐨𝐟𝐟𝐞𝐫𝐞𝐝 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐒𝐞𝐠𝐮𝐫𝐨 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 (𝐍𝐏𝐍: 22132094). 𝐋𝐢𝐜𝐞𝐧𝐬𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐒𝐭𝐚𝐭𝐞 𝐨𝐟 𝐔𝐭𝐚𝐡 (𝐋𝐢𝐜𝐞𝐧𝐬𝐞: 1108981). 𝐍𝐨𝐭 𝐚𝐥𝐥 𝐩𝐨𝐥𝐢𝐜𝐢𝐞𝐬 𝐨𝐫 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐚𝐫𝐞 𝐚𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐢𝐧 𝐚𝐥𝐥 𝐬𝐭𝐚𝐭𝐞𝐬. 𝐀𝐧𝐝𝐫𝐞𝐰 𝐏𝐞𝐡𝐫𝐬𝐨𝐧 (𝐍𝐏𝐍: 20406772). 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐋𝐢𝐜𝐞𝐧𝐬𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬: 𝐀𝐙
𝐃𝐢𝐬𝐜𝐥𝐨𝐬𝐮𝐫𝐞: 𝐄𝐱𝐜𝐞𝐥𝐥𝐞𝐧𝐭 𝐋𝐋𝐂 𝐢𝐬 𝐚 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐜𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠 𝐚𝐧𝐝 𝐢𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐟𝐢𝐫𝐦. 𝐖𝐞 𝐚𝐫𝐞 𝐧𝐨𝐭 𝐚 𝐫𝐞𝐠𝐢𝐬𝐭𝐞𝐫𝐞𝐝 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐚𝐝𝐯𝐢𝐬𝐨𝐫, 𝐥𝐚𝐰 𝐟𝐢𝐫𝐦, 𝐨𝐫 𝐂𝐏𝐀 𝐟𝐢𝐫𝐦. 𝐓𝐡𝐢𝐬 𝐢𝐬 𝐧𝐨𝐭 𝐭𝐚𝐱 𝐨𝐫 𝐥𝐞𝐠𝐚𝐥 𝐚𝐝𝐯𝐢𝐜𝐞. 𝐓𝐡𝐞 𝐈𝐧𝐟𝐢𝐧𝐢𝐭𝐞 𝐁𝐚𝐧𝐤𝐢𝐧𝐠 𝐜𝐨𝐧𝐜𝐞𝐩𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐲 𝐮𝐭𝐢𝐥𝐢𝐳𝐢𝐧𝐠 𝐖𝐡𝐨𝐥𝐞 𝐋𝐢𝐟𝐞 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞; 𝐢𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐚 𝐭𝐫𝐚𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐜𝐡𝐞𝐜𝐤𝐢𝐧𝐠 𝐨𝐫 𝐬𝐚𝐯𝐢𝐧𝐠𝐬 𝐚𝐜𝐜𝐨𝐮𝐧𝐭. 𝐀𝐥𝐥 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 𝐚𝐧𝐝 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬 𝐢𝐧𝐯𝐨𝐥𝐯𝐞 𝐫𝐢𝐬𝐤. 𝐏𝐚𝐬𝐭 𝐩𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐝𝐨𝐞𝐬 𝐧𝐨𝐭 𝐠𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 𝐫𝐞𝐬𝐮𝐥𝐭𝐬. 𝐏𝐨𝐥𝐢𝐜𝐲 𝐥𝐨𝐚𝐧𝐬 𝐚𝐜𝐜𝐫𝐮𝐞 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭. 𝐋𝐨𝐚𝐧𝐬 𝐚𝐧𝐝 𝐰𝐢𝐭𝐡𝐝𝐫𝐚𝐰𝐚𝐥𝐬 𝐫𝐞𝐝𝐮𝐜𝐞 𝐭𝐡𝐞 𝐝𝐞𝐚𝐭𝐡 𝐛𝐞𝐧𝐞𝐟𝐢𝐭 𝐚𝐧𝐝 𝐜𝐚𝐬𝐡 𝐯𝐚𝐥𝐮𝐞. 𝐓𝐡𝐞 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐲 𝐝𝐞𝐩𝐞𝐧𝐝𝐬 𝐨𝐧 𝐭𝐡𝐞 𝐩𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐮𝐧𝐝𝐞𝐫𝐥𝐲𝐢𝐧𝐠 𝐩𝐨𝐥𝐢𝐜𝐲.
𝐒𝐌𝐒 𝐂𝐨𝐧𝐬𝐞𝐧𝐭: 𝐁𝐲 𝐩𝐫𝐨𝐯𝐢𝐝𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐩𝐡𝐨𝐧𝐞 𝐧𝐮𝐦𝐛𝐞𝐫, 𝐲𝐨𝐮 𝐚𝐠𝐫𝐞𝐞 𝐭𝐨 𝐫𝐞𝐜𝐞𝐢𝐯𝐞 𝐒𝐌𝐒 𝐦𝐞𝐬𝐬𝐚𝐠𝐞𝐬 𝐟𝐫𝐨𝐦 𝐄𝐱𝐜𝐞𝐥𝐥𝐞𝐧𝐭 𝐋𝐋𝐂 𝐫𝐞𝐠𝐚𝐫𝐝𝐢𝐧𝐠 𝐚𝐩𝐩𝐨𝐢𝐧𝐭𝐦𝐞𝐧𝐭𝐬 𝐚𝐧𝐝 𝐦𝐚𝐫𝐤𝐞𝐭𝐢𝐧𝐠. 𝐌𝐞𝐬𝐬𝐚𝐠𝐞/𝐝𝐚𝐭𝐚 𝐫𝐚𝐭𝐞𝐬 𝐚𝐩𝐩𝐥𝐲. 𝐓𝐞𝐱𝐭 𝐒𝐓𝐎𝐏 𝐭𝐨 𝐨𝐩𝐭-𝐨𝐮𝐭. 𝐒𝐞𝐞 𝐨𝐮𝐫 𝐏𝐫𝐢𝐯𝐚𝐜𝐲 𝐏𝐨𝐥𝐢𝐜𝐲 𝐚𝐧𝐝 𝐓𝐞𝐫𝐦𝐬 𝐨𝐟 𝐔𝐬𝐞.
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