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Orlando FL Builders Risk Insurance
How to Adequately Protect Property in the Course of Construction

Orlando Construction Projects Involve Unique Risks Construction projects include unique risks not specifically handled by other insurance policies because buildings under construction are more subject to damage from the elements such as wind, rain, hail and snow than completed structures. Another key issue is that construction project property values do not remain the same throughout the duration of the policy period. Instead, the insured value of a construction project starts out small in the beginning of the job and continually increases until project completion. Also, the property may be owned by the general contractor, property owner or the subs. The property can be in transit at the construction site or even off-site. To cover these unusual exposures, a Builder's risk insurance policy is needed. These are specialized policies developed to cover the property loss exposures that go along with construction projects in Orlando FL. Who's Responsibility is it to purchase Builders Risk Insurance The "Insurance requirement" sections of the contract will describe whether the the general contractor or project owner is responsible for purchasing a Builders Risk policy. Builders Risk is a non-standard form of coverage and many companies file their own forms. But generally, each builders Risk policy will cover the building that is being constructed, all fixtures, machinery, materials, equipment that will be used in the construction and supplies. Builders Risk Policy Coverages Can Be Vastly Different? This is how vastly different builders in Orlando FL risk can be, by way of example. One of our builders risk insurance markets does not contribute any general liability as part of their policy - it is simply not available. You pay the same price if the project takes 2 days or 1 year. Call us at (321) 710-6695 or contact us for answers to your Orlando Builders Risk insurance questions.