Builder's risk from foundation to final walkthrough.
Builder's risk covers a building while it's going up, plus materials on site and on the way, against covered losses like fire, theft and wind. We quote it with your lender's and contract's requirements in mind.
- New construction and remodels
- Materials on site and in transit
- 3, 6, 9 or 12-month terms
What builder's risk covers, in plain English
Coverage, limits and exclusions vary by carrier and policy. Your policy documents are what decide a claim, and we walk you through them before you buy.
Structure under construction
Covered losses such as fire, wind, theft and vandalism to the building in progress. The limit is usually set to the completed value.
Materials
Lumber, fixtures and supplies stored on site that will become part of the building.
Materials in transit
Materials on the way to the site, usually under a separate sub-limit.
Temporary structures
Scaffolding, forms and temporary fencing, when the policy includes them.
Soft costs
Extra loan interest, taxes, permit fees and lost rent when a covered loss delays the project.
Common limitations
Faulty workmanship or design, wear and tear, mechanical breakdown, employee theft, contractors' tools and equipment, and usually flood and earthquake. On remodels, the existing structure may need to be added or covered by the home policy.
Length and renewals
Terms of 3, 6, 9 or 12 months, with extensions if the schedule slips. Coverage usually ends when the building is occupied, completed or sold.
Is this you?
- Builders and general contractors
- Investors and flippers
- Real estate developers
- Owners doing remodels
Why Rhino
- New construction and remodels
- Materials on site and in transit
- 3, 6, 9 or 12-month terms
- Quotes built around lender and closing deadlines
Have this ready
- Project address and type (new build or remodel)
- Completed value and construction cost
- Start date and expected finish
- Lender requirements, if financed
Three steps, one agent
- 1
Tell us what you need
Use the form, call or text. It takes a couple of minutes.
- 2
We shop several carriers
You see real prices side by side, not one company's offer.
- 3
You're covered
Pick a plan and we handle the paperwork, ID cards and certificates.
Builder's Risk questions
What projects can builder's risk cover?
New homes and commercial buildings, additions and major remodels, whether you're the owner, the builder or an investor.
Who buys builder's risk, the owner or the contractor?
Either one. The contract usually says who is responsible, and the policy can name the other parties and the lender.
My GC has general liability. Do I still need builder's risk?
Usually yes. General liability covers injuries and damage to others. Builder's risk covers the building itself. Read builder's risk vs. GL.
Does it cover the existing house in a remodel?
Not always. Some policies cover only the new work. Tell us about the existing structure so we can make sure it's covered by the builder's risk or the homeowners policy.
Does it cover my tools?
No. Tools and equipment need a contractor's equipment policy. Many projects also need a surety bond.
What if my project runs long?
Most policies can be extended. Tell us before it expires so there's no gap in coverage.
Ready when you are.
Talk to a licensed agent at (800) 700-9181, Mon–Fri 9am–6pm PT.