Protect Your Project During Construction
Construction projects involve significant financial investments. Whether you’re building a custom home, remodeling a property, flipping a house, or developing a commercial building, unexpected losses can create costly delays.
At CEO Insurance & Financial Services, we help property owners, contractors, investors, and developers in Tempe, Arizona compare Builders Risk Insurance options from multiple insurance carriers.
We help insure:
- New home construction
- Custom homes
- Residential remodels
- Home additions
- Fix-and-flip projects
- Investment property renovations
- Commercial construction projects
- Tenant improvements
- Ground-up construction
- Mixed-use developments
Builders Risk Insurance helps protect projects while they are under construction.
What Is Builders Risk Insurance?
Builders Risk Insurance, sometimes called Course of Construction Insurance, is a property insurance policy designed to protect buildings and materials while a project is being built, renovated, or remodeled.
Coverage generally applies during the construction phase and expires when the project is completed or occupied, depending on policy terms.
Coverage varies by carrier and project type.
What Does Builders Risk Insurance Typically Cover?
Coverage may help protect against:
- Fire
- Wind damage
- Theft
- Vandalism
- Lightning
- Hail
- Certain water damage losses
- Construction materials
- Temporary structures
- Materials in transit (where available)
Coverage varies by carrier, project type, and policy form.
Who Needs Builders Risk Insurance?
Builders Risk Insurance is commonly purchased by:
- Property owners
- Real estate investors
- House flippers
- General contractors
- Developers
- Custom home builders
- Commercial building owners
- Lenders requiring coverage
Many lenders require Builders Risk Insurance before funding construction projects.
Builders Risk Insurance for New Home Construction
If you are building a custom home or new residence, Builders Risk Insurance can help protect:
- Structure under construction
- Construction materials
- Installed fixtures
- Building supplies
- Temporary structures
Many homeowners assume their future homeowners policy will cover construction, but separate Builders Risk coverage is typically required while the home is being built.
Builders Risk Insurance for Fix-and-Flip Projects
Arizona real estate investors frequently purchase Builders Risk Insurance for:
- House flips
- Property rehabs
- Renovation projects
- Value-add investments
- Vacant property renovations
Coverage can help protect the investment during the renovation phase before the property is sold or occupied.
Builders Risk Insurance for Commercial Construction
Commercial Builders Risk Insurance may be available for:
- Office buildings
- Retail centers
- Warehouses
- Mixed-use developments
- Restaurants
- Industrial buildings
- Professional office space
Coverage options vary based on project size, construction type, and occupancy.
What Is Not Typically Covered?
Coverage exclusions vary by carrier, but Builders Risk policies commonly require separate review for:
- General liability claims
- Worker injuries
- Professional errors
- Contractor equipment
- Employee theft
- Earthquake
- Flood
Additional coverages may be available depending on the project and insurance company.
What Factors Affect Builders Risk Insurance Rates?
Insurance premiums may depend on:
- Construction value
- Project duration
- Location
- Construction type
- Renovation scope
- Occupancy type
- Claims history
- Security measures
- Coverage limits selected
Every insurance company evaluates construction risks differently.
Why Builders and Investors in Tempe Choose CEO Insurance
CEO Insurance & Financial Services is an independent insurance agency based in Tempe, Arizona.
We help builders, investors, contractors, and property owners compare Builders Risk Insurance options from multiple insurance carriers.
Clients choose us because we offer:
- Access to multiple Builders Risk markets
- Coverage for residential and commercial projects
- Experience with fix-and-flip properties
- Fast quote turnaround times
- Bilingual English and Spanish support
- Service throughout Arizona and multiple other states
We understand that construction delays and property losses can significantly impact project profitability.
Frequently Asked Questions About Builders Risk Insurance in Tempe, AZ
Who purchases Builders Risk Insurance?
Builders Risk Insurance may be purchased by property owners, investors, builders, contractors, or developers depending on the project.
Does Builders Risk Insurance cover theft of building materials?
Many policies provide coverage for theft of covered materials, subject to policy terms, conditions, and deductibles.
Do I need Builders Risk Insurance for a remodel?
Many renovation projects benefit from Builders Risk Insurance, especially larger remodels and additions.
Can lenders require Builders Risk Insurance?
Yes. Many construction lenders require Builders Risk coverage before releasing project funds.
Does Builders Risk Insurance include liability coverage?
Generally no. Liability coverage is typically provided through a separate General Liability policy.
Request a Builders Risk Insurance Quote in Tempe, AZ
If you are building a custom home, renovating an investment property, flipping a house, or developing a commercial project, CEO Insurance & Financial Services can help you compare Builders Risk Insurance options.
Contact us today to request a personalized Builders Risk Insurance quote in Tempe, Arizona.