Mar 27 (edited) • Resources
Get Builder Risk Insurance Coverage Quote Here
Before you close on your next flip, you need insurance with builder risk coverage
Builder’s Risk insurance helps builders or homeowners protect their new builds or remodeling projects from risks like fire, theft, vandalism, or severe weather during construction. Having a policy in place before work begins is a standard part of protecting a project from day one.
Why ViCoverage?
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Compared to many traditional Builder’s Risk policies, ViCoverage includes higher limits for materials in transit and temporary storage, expanded coverage for scaffolding and debris removal, and stronger protection for expediting expenses that help keep projects on schedule.
▪️Competitive pricing for residential construction projects
▪️Coverage limits up to $2.5M per project
▪️Higher limits for materials in transit and temporary storage
▪️Expanded coverage for scaffolding, debris removal, and project acceleration costs
▪️Flexible deductibles ranging from $1,000-$5,000
What’s Covered
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✅ Buildings under construction: direct physical loss or damage to structures while they are being built.
✅ Materials and supplies: materials that will become a permanent part of the project, whether on site or in temporary storage.
✅ Temporary structures and scaffolding: protection for scaffolding, construction forms, and temporary fencing at the jobsite.
✅ Fire, theft, and vandalism: protection against common causes of jobsite loss.
✅ Windstorms, hail, and lightning: damage caused by windstorms, hail or lightning.
✅ Debris removal: costs to remove debris from covered property following a covered loss, subject to policy limits.
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Get Builder Risk Insurance Coverage Quote Here
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