What is Builders Risk Insurance?
Builder’s risk insurance is a type of insurance that provides protection to builders in case there are catastrophes such as fires, explosions, and damages from natural disasters. This policy covers the construction site of buildings until they are finished. It does not provide coverage for completed structures even though the builder may have an occupancy permit. A builder’s risk policy typically does not provide coverage for a contractor’s equipment or tools. It also does not cover personal property belonging to the builder, such as a residence on-site.
Builders risk insurance for Homeowner
Homeowner’s insurance policies typically do not provide coverage for construction on the homeowner’s property. If a builder is working on the home on behalf of the homeowner, they would need to get builders’ risk insurance. Coverage may also be needed if someone other than the contractor or builder is working on construction taking place at a home.
This type of insurance is available for both residential and commercial construction projects. If you are a builder or contractor looking for builders’ risk insurance, contact Luxe Insurance Brokers today to get the best coverage at the best price.
Why Choose Us?
With our years of experience, we can help you with all aspects of your insurance plan. As independent agents who represent multiple companies, we have access to a large variety of plans that will meet your requirements and fit within your budget. We are licensed to work in Arizona, and we can help you choose a plan that fits both your state’s requirements and your budget.
You’ll love our convenient office location in Scottsdale, Arizona. We’re proud members of the community and would appreciate the chance to help you with your insurance needs. Call today!
We care about you
Luxe Insurance Brokers is a privately held insurance brokerage firm based in Scottsdale, Arizona. For years, we have strived to offer our clients the protection they need at the rates they deserve. We care about the quality of our customer service and strive to make your policy buying experience as simple and stress-free as possible.
Check out the rest of our site or give us a call at 480-568-2566 to learn more about home insurance plans, personal liability protection, or any of our other affordable insurance products. We also have access to a wide variety of specialty insurance policies that may interest you.
Contact us today
Do you want to learn more about how we can help protect your assets with insurance from Luxe Insurance Brokers?
If so, call us today at 480-568-2566 to set up an appointment. We’re located at 7047 E Greenway Parkway Ste 250. Scottsdale, AZ
We’re passionate about helping you protect what matters most to you.