5 Cities Insurance
Builders Risk Insurance for California Construction Projects
Builders risk insurance covers a building and materials during construction or renovation — protecting against fire, theft, wind, and other covered perils while the project is underway. It is typically required by project owners and lenders and is distinct from the completed building's property coverage.
Coverage line pending confirmation
This coverage line is shown for educational purposes. The agency is confirming its availability and authority before it is published as an offered line. Request a quote or ask a question and we will confirm what applies to your business.
Who may need this coverage
- General contractors and builders
- Property owners undertaking renovation or new construction
- Developers and project sponsors
What it may cover
Coverage depends on policy wording, exclusions, limits, and underwriting. The following are commonly addressed, subject to the policy terms:
- The structure under construction
- Materials and supplies stored on or near the site
- Temporary structures and fencing
- Some soft costs after a covered delay, where endorsed
Common exclusions and limitations
- Defective workmanship and faulty design (the defective work itself)
- Theft by employees or subcontractors
- Ordinance or law upgrades unless endorsed
- Equipment owned by the contractor (covered by inland marine)
Relevant optional endorsements
- Soft costs and delay in completion
- Ordinance or law coverage
- Extended completed-value options
- Flood and earthquake, where available
Factors that may affect pricing
- Project type, size, and value
- Construction period and phase
- Location and security
- Contractor experience
Information typically needed to request a quote
- Project address, scope, and timeline
- Total completed value
- Construction type and security
- Owner or lender requirements
A realistic example
Situation: A fire during framing damages the partially built structure and stored materials.
How coverage may respond: Builders risk can cover the structure and materials, subject to the policy terms and deductible.
FAQ
Builders Risk questions
Explore Builders Risk for your business
Request a quote with this coverage preselected, or ask a coverage question.