Looking for Builders Risk Insurance in Kansas City Metro and Beyond?
Builders Risk Insurance, often referred to as Course of Construction Insurance, is a specialized form of commercial property insurance. It covers a building or insured area while it is currently under construction or undergoing a significant remodel.
Whether you are breaking ground on a new project in the Kansas City Metro or renovating a historic property across the state line, this coverage is essential. It can protect the structure itself, as well as the high-value materials on-site waiting to be installed or those being transported to the job site.
How much does a Builder’s Risk Insurance cost?
The builders risk policy will provide coverage for damage done to the insured structure from a wide variety of events.
Damage from the following events will be covered by most policies:
- Fire
- Wind (may be limited in coastal areas)
- Theft
- Lightning
- Hail
- Explosion
- Vandalism
- Vehicles/Aircraft
You should read your course of builder’s risk insurance policy to be familiar with its limitations and exclusions. Limited coverage is provided for collapse.
Standard exclusions include:
- Earthquake
- Employee theft
- Water damage
- Weather damage to property in the open
- War
- Government action
- Contract penalty
- Voluntary parting
- Mechanical breakdown
An important exclusion which should be read in its entirety excludes coverage for damage resulting from faulty: design, planning, workmanship and materials. Earthquake and flood coverage may be purchased in some areas.
How to get started on your Builders Risk quote
You can either call our office, or start your quotes below, and submit some basic information. Either way, we’ll make the process as simple as possible!