Builder’s Risk Insurance

When you are in the process of building, many incidents can happen that can stall the construction process. Because of unforeseen events that could occur, it is important for contractor and property owners to invest in builder’s risk insurance. Builder’s insurance only covers during the building process, once the project is built, the owner will need to switch to another insurance plan.

A builder’s risk covers both natural and man-made setbacks including:

• Vandalism
• Fire
• Theft
• Lightning
• Hail
• Vehicles
• Explosions
• Wind (except coastal regions)

However, Nickerson can offer supplemental insurance plans that offer additional coverage including:

• Earthquakes
• Flood
• Wind in coastal regions

Builder’s risk does not offer damages caused by faulty design or poor workmanship. Any losses due to stalls in building at the fault of the construction team will fall onto the party responsible. Builder’s risk protects contractors and and property owners from a majority of issues where no party is at fault..

Nickerson insurance agents are ready to talk about how our builder’s risk insurance can help you and protect your assets. Our agents are knowledgeable and consistently offer excellent service. We are ready to talk to you about any concerns that you may have about your building projects and what needs to be insured. Nickerson offers a range of coverage to make sure that any issues during the building process will be resolved swiftly.

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