Builder’s Risk Insurance in Prairie Village, KS
Builders risk insurance, also sometimes known as construction insurance, is a type of property insurance that protects buildings and structures while they are being built or renovated. Most policies cover losses caused by:
- Fire, lightning and many types of windstorms
- Theft or vandalism
- Certain types of water damage (such as burst pipes, subject to policy terms)
- Damage to materials, fixtures, or equipment at the job site
Coverage can often be expanded to include additional protections, such as debris removal, coverage for temporary structures or equipment breakdown. However, it’s essential to understand what this policy does not cover. Builders’ risk insurance typically doesn’t cover worker injuries, which are usually covered under workers’ compensation, or third-party liability claims, which generally fall under general liability coverage.
Who Should Consider Builders Risk Insurance
Builders’ risk insurance is a wise investment for anyone with a financial stake in a construction or renovation project. This includes:
- Property owners and developers
- General contractors and subcontractors
- Real estate investors and home flippers
- Banks or lenders financing the project
Whether you’re building a custom home, renovating a commercial space or developing a multi-unit property, this coverage helps protect your project from costly setbacks.
How We Support Construction Projects Across Kansas
At Bovard Insurance Group, we understand that every construction project is different. Our team takes time to learn about your project, evaluate potential risks and recommend the right level of coverage for your needs. We work with local contractors and property owners to ensure policies meet lender requirements and provide appropriate coverage for materials, equipment and structures under construction.
Get a Builders Risk Insurance Quote
If you’re planning a construction or renovation project in Prairie Village, KS, we can help you find the right builders’ risk policy. Our local agents will review your project details and tailor a plan that fits your budget and timeline.
Contact Bovard Insurance Group today to learn more about builders’ risk insurance and request a personalized quote for your next project.