Builder's Risk insurance protects buildings and structures under construction against damage from fire, theft, vandalism, weather, and more — from groundbreaking to project completion.
Builder's Risk (also called Course of Construction insurance) is a specialized property policy that protects a building while it's being built or renovated. It covers the structure itself plus materials stored on-site or in transit.
Structure Under Construction
Covers the building or structure being built, including framing, foundation, and installed fixtures.
Materials & Supplies On-Site
Protects building materials, supplies, and equipment stored at the job site before installation.
Materials in Transit
Coverage extends to materials being transported to the job site from suppliers or warehouses.
Fire & Explosion Damage
One of the most common construction site losses — covered under a standard Builder's Risk policy.
Theft & Vandalism
Stolen lumber, copper wire, tools, and equipment are covered. Vandalism to a partially built structure is included.
Weather Damage
Wind, hail, lightning, and certain water damage events are typically covered during construction.
Collapse
Structural collapse during construction due to covered perils is included in most policies.
Soft Costs (Optional)
Some policies cover soft costs like architect fees, permit re-filing, and lost rental income caused by a covered delay.
Any party with a financial interest in a construction project should carry Builder's Risk coverage. Lenders and project owners typically require it before breaking ground.