Whether you're building a new home in Charlotte, renovating a property in Wilmington, or managing a project anywhere in North Carolina, builders risk insurance is designed to help protect that project while it's under construction. Here's what to consider.
What builders risk may cover
Builders risk insurance typically helps cover damage to a building under construction — including the structure, materials, and equipment on site — from events like fire, theft, vandalism, and certain weather damage. It's generally designed to protect the project itself, separate from liability coverage.
Who may need it
Builders, general contractors, developers, and property owners undertaking construction or renovation projects in North Carolina often consider builders risk. Lenders may also require it as part of financing a construction project.
What it usually doesn't cover
Builders risk generally doesn't cover damage from flooding or earthquakes without specific endorsements, nor does it cover liability for injuries on the job site or damage to others' property — those typically require separate coverages like general liability and workers' compensation.
An independent agent can help
Every project is different, and coverage depends on the carrier and policy you select. As an independent agency, we can help you explore builders risk options across multiple carriers and understand how they fit with your other coverages. Reach out and we'll help you understand what's available.
Have questions about your coverage?
The best way to get clear answers is a quick conversation. Reach out and we'll help you explore what's available.
