Who needs Builders Risk?
What's covered
The building itself as it's being built or renovated, up to the value stated in the policy.
Lumber, fixtures, appliances, and other materials staged at the job site or in transit to it, before they're installed.
Stolen materials, copper wiring, or fixtures, and damage from vandalism at an unoccupied job site.
Damage from fire, wind, hail, or other covered perils while the structure isn't yet weathertight or fully built out.
Scaffolding, fencing, and other temporary structures used during construction, often as an add-on.
Delay-related costs like extra loan interest, permit renewals, and additional design fees when a covered loss pushes back the completion date (often an add-on).
What's not covered
Examples by industry
You're mid-buildout on a new spa location when a pipe bursts and soaks the drywall and flooring materials staged on-site; builders risk covers replacing them.
A fire during your restaurant's kitchen renovation destroys the framing and newly delivered equipment; builders risk pays to rebuild and replace it.
Materials staged at a warehouse expansion project are stolen overnight before installation; builders risk reimburses the loss.
A storm damages the partially finished buildout of your new office suite before the roof is sealed; builders risk covers the repair.
A new storefront under construction is vandalized, and the newly installed fixtures are destroyed; builders risk covers the replacement.
A fire breaks out during construction of a new dispatch facility, destroying framing and stored materials; builders risk covers the rebuild.
A burst pipe during your office buildout ruins the drywall and electrical materials staged for installation; builders risk covers the loss.
A general contractor's job site loses its framing lumber and copper wiring to theft overnight; builders risk reimburses the stolen materials.
A studio under renovation loses its partially built soundproofing and lighting rig to a fire before the buildout is finished; builders risk covers the rebuild.
A developer's new spec property is damaged by a windstorm before the structure is weathertight; builders risk covers the repair.
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