Ineligible Risks

• Risks with more than 3 builders risk claims in the past 3 years.
• Risks with a loss ratio of more than 50% in the past 3 years.
• Risks where the project’s builder/contractor has been in business as a homebuilder or remodeler for less than 2 years or proposed builder/contractor has less than 2 years of experience as a construction manager or supervisor.
• Risks where the remodeling is being done as a result of prior property damage (i.e. flood, earth movement, fire or water damage). Contact your Underwriter at 1866 924-3274.
• Risks with a current active brush or wild fire within 50 miles of the construction site. Contact your Underwriter at 1866 924-3274.

Underwriting Guidelines

The program provides Builder's Risk/Course of Construction coverages for Owner/Builders, Contractors & Developers building or remodeling Residential and small Commercial properties while in the course of construction. Coverage may be extended to include existing buildings to which renovations are being made &/or additions to the buildings. Dwellings (1 to 4 family) are allowed in all protection classes (1 through 10). Most risks $3 million in values or less can be bound in the agents office. There is no maximum allowable exposures as all risks not qualifying for instant binding will be done on a case by case basis by your underwriter. Minimum premium varies by state.

Risks Needing Referral to Company

• Risks with unique building methods or materials. (i.e. fabric structures, earthen materials etc.).
• Coverage for a project where construction has started more than 60 days prior to our inception date.
• Renovation risks when the existing structure is to be covered and the existing building values are more than twice the new work values,
• Mobile Home assembly/construction.
• Construction terms of greater than 12 months.
• Earth Movement and/or Flood Coverage. Contact your Underwriter at 1866 924-3274.
• Buildings undergoing repair and/or replacement due to prior damage on the same construction site,
• Any insured who has filed for bankruptcy in the last 10 years. Contact your Underwriter at 1866 924-3274.
• Any insured who has been cancelled or non-renewed by any previous Insurance carrier for underwriting or premium payment reasons.

Policies may be written for one year (or less) and extended coverage is available subject to additional underwriting review.

Rating Information

The rating information needed to develop a price indication is as follows

• Project type (Is it New construction, Remodeling/Renovation with no existing structure coverage or Remodeling/Renovation with existing structure coverage).
• Must be a Residential or Commercial structure.
• The state and ZIP code that the project is in.
• The protection class where the project is to be located.
• The construction type of the project (i.e. wood frame, joisted masonry, non-combustible or better, fire resistive, log home or manufactured home)
• The value of the New construction or Remodeling/renovation, and, if the applicant wants the coverage, the value of the existing structure. (Also needed when renovation: Will the structure be occupied during remodel and are load bearing members of the existing structure being modified, removed or added?) Renovation/Remodel values & Existing Structure values covered at actual cash value.

General Program Information