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The Wheeler Agency

Serving Lake City Since 1969

(386) 752-8660

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Insurance | Auto - Home - Business

Builders Risk

Builders Risk

Builder’s Risk is a form of insurance designed to cover buildings under construction.  Because the risk to buildings under construction are different than completed homes, insurance companies use a special coverage form during the building phase.  We offer builders risk coverage through US Assure Zurich, American Strategic Insurance and Liberty Mutual.

Get our FREE Builders Risk Guide

Call us (386) 752-8660 to learn more.

Q: What is covered?

A:  Similar to a homeowner policy, builders risk covers the structure against the usual perils with which you are familiar:  fire, lightning, wind, hail, catastrophic ground cover collapse, etc.  Liability and theft are sometimes included but sometimes excluded.  We recommend you ask your agent about liability and theft coverage.

Q:  When should coverage begin?

A:   Ideally, we recommend coverage begin the day your contractor breaks ground, but we know things can be chaotic at the beginning of a projects, so there is some flexibility.  Most insurance companies will approve builders risk coverage on a home as long as the project is not more than 25% complete.

Q:  What do I need to do when I’m ready to move in?

A:  Call your agent a couple weeks prior to move in so that your coverage can be rewritten to a standard Homeowner (HO-3) Coverage Form.

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Monday - Friday: 8:30 - 12:00 & 1:00 - 5:00

The Wheeler Agency - 622 South West Main Blvd, Lake City FL, 32025-5708 | (386) 752-8660

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