Builder's Risk with Wind Coverage

Builder’s Risk Insurance is specifically designed to cover homes while they are under construction. During that time, buildings are subject to many different risks. They may catch on fire, be damaged by high winds, or fall victim to other perils. Builder's risk insurance covers against some of these losses. Covered building components include foundations, fixtures, machinery, equipment used to service the building, materials and supplies.

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For homes undergoing construction, ground up, or renovation, we offer a Builders Risk or Course of Construction policy to protect your client’s home during this vulnerable time.

About Builder’s Risk:

  • Also called Course of Construction
  • Most homeowner’s policies do not cover a home under construction
  • Covers supplies and materials
  • Coverage includes project from start to finish
  • Once construction is completed, the insured will need a homeowners policy

The Orchid Difference

  • Builder’s Risk is written on an HO3 form
  • $200,000 minimum Coverage A in most states
  • Can exclude wind if needed
  • Ground Up and Renovation projects are both accepted
  • Can consider projects in the Course of Construction up to 95% completed
  • Can include liability on Renovation projects
  • Theft of building materials coverage available

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As an Orchid-contracted partner, your agency’s success is our priority. You can rely on our dedicated support and expertise to offer your clients best-in-class service.

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Orchid online quoting is your quickest and most convenient resource for paperless quoting and binding.