COVERAGE AND PRODUCT FEATURES
- Occupied or unoccupied residential or commercial properties under renovation
- Projects up to 12 months in length
- Ability to consider 3, 6, 9 and 12-month policy terms and to extend short-term policies by endorsement
- No restriction on length of vacancy
SUBJECT TO UNDERWRITING REVIEW
Up to two losses or claims per coverage line incurred in the past three years
AVAILABLE LIMITS
- Property values up to:
- $3,000,000 in protection classes 1-8
- $1,000,000 in protection classes 9-10
- $500,000 in coastal zones (excluding wind and hail coverage)
MOST COMMON INELIGIBLE RISK CHARACTERISTICS
- Buildings that are:
- Currently damaged (fire or otherwise)
- Scheduled for demolition
- Valued at less than $10 per square foot
- New, ground-up construction*
- Construction work has already started
- Structural renovations
- Located in AK, LA or WV
*Please refer to the Builders Risk Hit Zone Product Underwriting Guide
NOTE: Ineligible risk characteristics include, but are not limited to those listed above.
CONTACT AN UNDERWRITER FOR MORE INFORMATION AT 877-742-9875 OR CLICK HERE TO FILE A SUBMISSION