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Builders Risk insurance | Residential or Commercial

COURSE OF CONSTRUCTION INSURANCE

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Single Family Homes

Small residential construction projects

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  • Largest Wood Frame Construction Facility in Ontario / Alberta ,
  • Project Specific or Blanket Basis Coverage

Commercial Buildings

  • Wrap Up Liability 
  • Commercial General Liability for single project
  • Premises Liability for Owners
  • Liability for Vacant Land
  • Contractors Pollution Liability

Renovations and Addition Projects

Residential Renovation Projects (up to 6plex in size)

Projects that have already started

If construction activity has already started

Get a Quote For Your Project

Builders Risk Insurance (Course of Construction) for Home Owners

Protection for Your Renovations and Additions

If you’re a home owner planning to undertake renovations or additions to your property, you may be aware of the risks involved. From natural disasters to theft and vandalism, there are many potential hazards that can cause damage to your project and put your investment in jeopardy. That’s why builders risk insurance, also known as course of construction insurance, is an essential coverage for any home owner undergoing renovations or additions.

What is Builders Risk Insurance (Course of Construction)?

Builders risk insurance, also known as course of construction insurance, is a type of property insurance that provides coverage for buildings and other structures under construction. This coverage protects against damage or loss to the building and materials during the construction process. This includes coverage for things like natural disasters, fire, theft, and vandalism. Additionally, it also includes coverage for home owners who are undergoing renovations or additions to their property. It is called course of construction insurance because it covers the entire duration of the construction project, from the time the ground is broken to the time the structure is completed.

Why Do You Need Builders Risk Insurance (Course of Construction)?

Builders risk insurance (course of construction) is important for several reasons. First, it helps protect your investment in the renovation or addition project. If something unexpected happens, such as a natural disaster or theft, you’ll have coverage to help repair or replace the damaged property. This can help keep your project on track and minimize any financial losses.

Additionally, many lenders and mortgage companies require builders risk insurance (course of construction) as a condition of financing or investing in a construction project. Without this coverage, you may not be able to secure the funding you need to move forward with your project. It is important to note that lenders and mortgage companies require builders risk insurance as a way to protect their own investments in the project, as well as to protect home owners who are undergoing renovations or additions to their property.

Coverage and Options

Builders risk insurance (course of construction) can be customized to meet the specific needs of your renovation or addition project. Some common coverages include:

  • Fire and lightning
  • Windstorm and hail
  • Explosion and collapse
  • Theft and vandalism
  • Water damage
  • Course of construction
  • Renovations and additions

As an experienced broker, I can help you find the best possible coverage for the best possible pricing. I will work with you to understand the unique risks associated with your renovation or addition project and find a policy that meets your specific needs and the requirements of lenders and mortgage companies. Contact me today to learn more and get a quote for your builders risk insurance (course of construction) as a home owner.

No Project Too Big Or Too Small

Product Highlights:

Broad Form Coverage
•Residential risks
•New Construction
•Renovations
•Additions
•Projects already started
•Earthquake
•Flood
•Theft & Vandalism
•Transit Coverage
•Offsite Storage
•CGL available

Builders Risk policies with flexible coverage options to meet the special insurance needs of even the largest residential or commercial construction project. We have the ability to tailor a policy specific to your exposure.

Builder’s Risk Insurance “course of construction,” is specifically designed to indemnify against property loss and provide coverage for buildings during the course of construction. Builders Risk insurance is available to the owner of the building as well as the general contractor constructing the building. This provides financial protection against the risk of property damage on a construction site.

Commercial Projects

Happy Customers

You should obtain Builder’s Risk coverage for the total estimated value of the completed project. In general, this amount is the selling price of the home or building subtracted by the cost of the land. Builders can also opt to include a reasonable profit in the coverage amount..

When is it necessary to use builder's risk Insurance?

Builders risk Insurance in Ontario starts from the foundation until builders risk Insurance permission to occupy

When do I get evidence of builders risk Insurance?

Immediately after the necessary documentation has been signed and your builders risk Insurance premium has been paid.Once the Insurance documents have been signed we will then issue the builders risk Insurance binder and you can then give this binder to your finance company for the builders risk Insurance mortgage. This will add the finance company as a builders risk Insurance loss payee to your builders risk Insurance policy

Do you have builders risk Insurance markets?

Yes we have many builders risk Insurance providers that offer the best builders risk Insurance price with easy to understand builders risk Insurance wording. Our builders risk Insurance underwriting professionals are extremely knowledgeable in their field.

Who should get Builders Risk Insurance?

We provide builders risk Insurance for homeowners, builders risk Insurance for contractors, builders risk Insurance for renovations, builders risk Insurance on an existing structure and builders risk Insurance for an owner builder

Call For a Quote:

(416) 388-8918

Let’s Build Something Together

I am a registered insurance broker at INSUREIT GROUP INC as well as a life insurance agent and investment advisor for a variety of life insurance companies. I offer various insurance and investment products tailored specifically to your needs. These products will help protect your business, homes and vehicles as well as your family and precious investments. Having been in business myself for many years, I understand the concerns and questions that business owners may have.

PDF Application Forms
BUILDERS RISK APPLICATION
CONSTRUCTION RISK RENOVATION – SUPPLEMENTAL QUESTIONNAIRE
SUPPLEMENTAL APPLICATION PROJECTS ALREADY COMMENCED
RENOVATION ADDITION SUPPLEMENTAL QUESTIONNAIRE
ALL COMMERCIAL PROJECTS AND PROJECTS REQUIRING CGL OR WRAP UP LIABILITY
TRADES & CONTRACTORS APPLICATION
RESIDENTAL RENOVATIONS PROJECTS

Contact Us

Leon Levi

800 Denison St, Suite 200
Markham, Ontario L3R 5M9

416 388 8918

llevi@insureitgroup.com

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