Florida's Premier Property & Commercial Insurance Agency
Construction & Renovation Coverage
Builders risk (also called Course of Construction insurance) protects buildings and structures during the construction or renovation process. Standard property policies exclude properties under construction — builders risk fills that critical gap.
Ground-up residential and commercial construction projects
New construction builders risk covers a building from the moment construction begins until the project is complete and a permanent property policy takes over. It covers the structure, materials on-site, and materials in transit to the jobsite.
Homeowners building a new home, residential developers, general contractors, commercial developers, and real estate investors building new structures.
Existing homes undergoing significant renovation
When a home is being extensively renovated — gut rehabs, additions, major structural work — the existing homeowners policy may be suspended or excluded. A renovation builders risk policy protects the property during the work.
Fix-and-flip investors, homeowners doing major additions, estate property rehabilitation, and contractors doing large residential projects.
Office buildings, warehouses, retail, mixed-use, and more
Commercial builders risk covers larger and more complex construction projects — office buildings, retail centers, industrial facilities, apartment complexes, and mixed-use developments. Higher limits and broader coverage options are available.
Commercial developers, real estate investment groups, owner-builders, general contractors on commercial projects, and lenders financing construction loans.
Coverage for materials and equipment being installed — but not yet part of the building
An installation floater is an inland marine policy that covers materials, equipment, and machinery from the moment they leave the supplier until they are permanently installed and accepted by the owner. It fills the gap between the supplier's policy and the building owner's property policy.
HVAC contractors, electricians, plumbers, elevator installers, roofing contractors, and specialty trade contractors who supply and install expensive equipment.
Builders risk policies can be purchased by different parties on the project — and the lender will often require it.
Key things to clarify before binding coverage:
Don't start construction without coverage. We bind builders risk quickly — often same-day for residential projects. Call us or submit a request.
Get Builders Risk Quote (813) 803-5036