| A building under construction requires a special form which covers the unique loss exposures of buildings under construction, a Builders Risk Policy. |
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| Until it is complete, it is not a building or a House, therefore it can not be covered under a standard Building Insurance Policy or a Home Insurance Policy, it needs to be insured under a Builders Risk Insurance Policy. |
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| In fact most Building Insurance or Home Insurance Policies will EXCLUDE structures under the course of construction and either cancel insurance coverage or deny a claim if it not insured under a Builders Risk Policy. |
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| Typically, Coverage increases automatically as the construction progresses, and is terminated upon completion. Builder’s Risk Insurance should be replaced with permanent insurance once the building is ready for occupancy. |
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| York International Agency Specializes in Builders Risk Insurance, our dedicated team negotiates with insurance companies to get you the best coverage at the lowest cost. |
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