Bonds & specialty/Projects under construction

Property coverage for buildings and materials while construction or renovation is underway.

Builder's risk helps cover covered damage to a construction project, including materials, fixtures, and work in progress before completion.

Or talk to a broker. Mon–Sun, 8am–8pm ET.
Builder's risk
Active
Policy
Ashwood Development LLC
Policy BR-2026-0603 · Project term · 14 mo
Project value
$2.4M
Structure
Covered
Materials on site
Covered
In transit
Included
Recent activity
View all →
  • Soft-cost review
    Delay coverage assumptions checked
    Today
  • Lender named
    Mortgagee clause added to the policy
    Yesterday
  • Project bound
    Term matched to construction schedule
    May 19
Where to start

New to it, or switching a policy over?

New to insurance
New to builder's risk

We'll explain what it typically covers, what it leaves out, and what contracts or landlords commonly ask for — in plain English, no pressure.

Already covered
Switching or reshopping

Already have a policy? Upload it. We'll review the limits, exclusions, and wording, compare the market, and tell you straight whether it's worth a move — same coverage, no gap.

Is this you?

These are the moments it’s built for.

Builder's risk is a practical coverage layer for businesses with this exposure. Riza helps you understand what the policy is supposed to do, where it stops, and how it should connect to the rest of your insurance stack.

01

You are building, renovating, or substantially improving property.

02

A lender, owner, or contract requires builder's risk.

03

Materials are stored on site or in transit.

04

A property policy will not properly cover work in progress.

What’s covered

What it helps cover.

The moments this policy typically steps in for — in plain English, before the policy language.

Structures under construction.

Materials, fixtures, and supplies for the project.

Soft costs and delay coverage when endorsed.

Temporary structures when included.

Transit or off-site storage when included.

Coverage varies by policy form, carrier, limits, exclusions, and the facts of the claim. We review the wording with you before recommending anything.

Where it stops

What sits in another policy.

No policy covers everything. Here’s where this one usually stops — and what typically picks up from there.

Each line links to the coverage that usually responds. None of these are recommendations by themselves — what you need depends on the business and the contracts.

In real life

Here’s how it actually plays out.

Scenario · 01

A storm damages a partially completed structure.

Scenario · 02

Building materials are stolen from a job site.

Scenario · 03

A fire damages work in progress.

Scenario · 04

A lender requires builder's risk before funding.

What it costs

What actually moves the price.

No number on a landing page is a real quote. These are the inputs underwriters actually look at — and what we pin down with you so the policy fits.

What affects your price
01Industry02Revenue or payroll03Location04Limits05Claims history06Contracts07Carrier appetite
What we pin down with you
  • Project value and timeline.
  • Owner, contractor, and lender interests.
  • Soft costs and delay exposure.
  • Transit and off-site storage needs.

No instant-quote gimmicks. We get the inputs right, compare the market, and show you the tradeoffs that matter.

How we help

We read the fine print so you don’t have to.

A licensed broker — writing in plain English and staying on it after bind. Insurance that feels handled.

01

We start with the real-world exposure, not the policy name.

02

We review contracts, current policies, exclusions, limits, and operational details.

03

We compare carrier options and explain the tradeoffs in plain English.

04

We keep coverage useful after bind with certificates, endorsements, renewals, and reviews.

FAQ

Questions we get a lot.

Who needs builder's risk?+

Businesses need it when the exposure exists in their operations or when a contract, landlord, lender, client, or regulator requires it.

What does builder's risk usually cover?+

Coverage depends on the policy form, carrier, limits, endorsements, exclusions, and facts of the claim. Riza reviews the details before recommending a policy.

What affects the cost of builder's risk?+

Pricing usually depends on the industry, size, location, limits, claims history, contract requirements, and underwriting details specific to the coverage line.

Can Riza review my current builder's risk policy?+

Yes. Upload your current policy or declarations page and Riza can flag gaps, confusing wording, missing endorsements, and coverage that may no longer match the business.

Get covered

Let’s get you covered.

Tell us a bit about your business, see your options, and we’ll take it from there.

What happens next
A coverage map, written like a checklist.
  • 01We start with the real-world exposure, not the policy name.
  • 02We review contracts, current policies, exclusions, limits, and operational details.
  • 03We compare carrier options and explain the tradeoffs in plain English.
  • 04We keep coverage useful after bind with certificates, endorsements, renewals, and reviews.
feels handled.