Builder's Risk Insurance
FAQs
Contact us for Builder's Risk Insurance for residential, commercial, and industrial structures.
A Builders Risk Policy is purchased before construction is started and is specifically used to protect the owner of the building to be built. Contact us before you break ground to get this type of insurance. When done right, you will enjoy the simplicity of buying one policy that covers the entire course of construction without needing to go back to the insurer to ask for more coverage. The discount factor applied to the policy is another good reason to arrange early for your Builders Risk insurance coverage before the project begins.
If you are reading this after you have already started you project we can still help you with a slightly different policy. Please use this link to see information on the Renovation or In Course of Construction Insurance policies we sell.
Builders risk insurance policies may be used for property owners who will by building a home, residential, farm, or business use building. When you call let us know the use of your finished building up front so we get your call to the correct department. 607-843-8860
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6 Reasons Why DRickard Insurance for Builder's Risk Insurance
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Savings - Many on the Builders Risk products we have found for our customers have discount factors applied to them. In some cases a savings of 40% is found off of other standard policies.
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Savings - Time is saved when you come to our insurance agency for this type of insurance. We have already done the foot work in finding insurance companies that like to write this type of business. Each insurance company has areas that they specialize in. We have collected many together so you may access them through us with one contact point.
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Savings - Simplicity in the initial information we need to produce pricing helps you quickly get an idea of the insurance cost of your project. This time saving effort on our part gives you more time to create.
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Savings - Many national plans for builders risk insurance have policies that the premiums are fully earned at the beginning of the policy. This means if you complete you project early no premium will come back to you. However, we write builder's risk insurance on buildings our insurers are willing to insure when completed. These companies have been willing to apply unearned premiums against your down payment for a replacement policy with them. This saves you more money!
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Experience - Our Builder's Risk insurance agents are experienced in working on various project policies with a variety of insurers. This gives us the ability to guide you to a company that is likely going to be the best choice to work with you in a short period of time. Likewise we can quickly let you know if we do not have a solution for you. All of this saves you time and makes you more productive.
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Customization - We can look at your new construction insurance needs on a case by case basis. We do not use a cookie cutter approach to finding appropriate insurance coverage. Therefore we custom tailor the coverage and use the insurer that best fits your needs.
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