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

Gainesville Florida Construction Projects Involve Unique Risks Construction projects include unique risks not properly handled by other insurance policies because buildings under construction are more subject to damage from the elements such as snow, rain, wind and hail than completed structures. Another key issue is that construction project property values do not remain consistent throughout the duration of the policy. 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, the subs or property owner. 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 required. These are specialized policies taylored to cover the property loss exposures that come with construction projects in Gainesville FL. Who Is Responsible For Purchasing Builders Risk Insurance? The "Insurance requirement" sides 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 supplies, the building that is being constructed, machinery, equipment that will be used in the construction, all fixtures and materials. Builders Risk Policy Coverages Can Be Vastly Different? This is how vastly different builders in Gainesville risk can be, by way of example. One of our builders risk insurance markets does not provide any general liability as part of their policy - it is simply not available. If the project takes 2 days or 1 year - you pay the same price. Call us at (352) 562-0877 or contact us for answers to your Gainesville Builders Risk insurance questions.