• The building is insured for the expected value upon completion. 

• The policy owner must keep records and save receipts of expenditures for the materials and labor. These records are essential to properly adjust a loss. 

• Specific theft and vandalism coverage applies per the condition of the Builders Risk endorsment. 

• Completion dates should not exceed 12 months; however, extensions can often be granted by the carrier's home office as long as progress is being made. 

• Photos are required to delete the Builders Risk endorsement.

• Many times General Liability insurance can be purchased along with the Builders Risk policy. 

• Most Builders Risk insurance can be handled and completed over the telephone or computer in a matter of minutes. 

• If Special Coastal Windstorm coverage or Flood insurance is required or requested, allow more time to get it bound due to additional requirements by TWIA or FEMA. 

Existing structures being remodeled must receive home office underwriting department approval. 

Builders Risk can be written in the final homeowner's name, the builders name, or the builder's DBA. 

     Builders Risk insurance is one of our specialties and most of our established Homeowners policies started as Builders Risk coverage.  

     Roberts & Associates prefers to invoice at time of purchase for monthly, quarterly or annual premiums. Some insurance companies require annual payments and in that case we can arrange financing if necessary. Some of our Builders Risk carriers will reimburse unused premiums to the policy holder.