Builders Risk Insurance in Peoria, Phoenix and Across Arizona
Builders risk insurance, also called course of construction insurance, helps protect property while a building or major renovation project is underway. Faithful Insurance LLC helps Arizona contractors, property owners and developers compare builders risk coverage options for construction and remodeling projects.
As an independent agency in Peoria serving Phoenix, Glendale, Surprise and projects across Arizona, we can help you review project details, coverage limits, construction timelines and lender or contract requirements before requesting quotes.
What Builders Risk Insurance Can Help Cover
Coverage depends on the policy and project, but builders risk insurance may help protect:
- Buildings or structures under construction
- Materials, supplies and fixtures intended to become part of the project
- Property stored at the jobsite or temporarily stored offsite, when included
- Property in transit to the jobsite, when included
- Soft costs, delay-related costs or ordinance coverage when added by endorsement
Who May Need Builders Risk Coverage?
Builders risk coverage may be needed by property owners, general contractors, builders, developers, remodelers and investors involved in new construction, additions, tenant improvements or substantial renovations. Lenders, contracts or project owners may require proof of coverage before work begins.
If you are a contractor, builders risk may need to work alongside contractors insurance, general liability insurance and commercial auto insurance.
Information Needed for a Builders Risk Quote
Carriers may ask for the project address, completed value, construction type, project timeline, contractor information, security details, protection class, prior losses and whether the project involves new construction, remodeling or an addition.
Compare Builders Risk Insurance Quotes
Tell us about the project, estimated completed value, timeline and coverage requirements. Faithful Insurance LLC will help you compare builders risk insurance options for your Arizona construction project.