logo

Corporate Office
(615) 371-5400

  • About Us
    • Why Elite Insurance
    • Meet Our Team
    • Join Our Team
    • Online Reviews
    • Client Referrals
    • Tips & Resources
  • Personal
  • Business
  • Quotes
  • Contact Us
    • General Contact
    • Service Center
    • Our Locations

Builders Risk Insurance

Looking for Builders Risk Insurance in Franklin?

Builder’s Risk Insurance, which some refer to as Course of Construction Insurance, is a form of commercial property insurance which covers a building where the building or insured area is presently being constructed or heavily remodeled.

It can cover just the structure, or also the materials on site waiting to be installed or transported to the job site.

builders risk insurance

The builder’s risk insurance policy will pay for damages up to the coverage limit in the policy. The limit must accurately reflect the total completed value of the structure (all materials and labor costs, but not including land value).

The construction budget is the best source for determining the appropriate limit of insurance.

Builder’s Risk insurance policies can often be purchased in terms of three-months, six-months, or 12-months. If the project is not completed by the end of the initial policy term, it can often be extended, but usually only one time.

How much does a Builder’s Risk Insurance cost?

The builders risk policy will provide coverage for damage done to the insured structure from a wide variety of events.

Damage from the following events will be covered by most policies:

  • Fire
  • Wind (may be limited in coastal areas)
  • Theft
  • Lightning
  • Hail
  • Explosion
  • Vandalism
  • Vehicles/Aircraft

You should read your course of builder’s risk insurance policy to be familiar with its limitations and exclusions. Limited coverage is provided for collapse.

Standard exclusions include:

  • Earthquake
  • Employee theft
  • Water damage
  • Weather damage to property in the open
  • War
  • Government action
  • Contract penalty
  • Voluntary parting
  • Mechanical breakdown

An important exclusion which should be read in its entirety excludes coverage for damage resulting from faulty: design, planning, workmanship and materials. Earthquake and flood coverage may be purchased in some areas.

How to get started on your Builders Risk quote

You can either call our office, or start your quotes below, and submit some basic information. Either way, we’ll make the process as simple as possible!

1Products
2Contact Info
3Location
4Documents
5Final Comments
    Check all that apply. You can tell us if there is something else you need a quote for in just a moment.
  • Drop files here or
    Max. file size: 64 MB.

    Contact Information

    Elite Insurance Solutions
    1894 General George Patton Drive
    # 200
    Franklin, TN 37067
    Get Directions
    (615) 371-5400
    info@myeliteis.com
    • Facebook
    • Instagram
    • Twitter

    Quick Links

    • About Elite Insurance
    • Leave a Review
    • Insurance Carriers
    • Contact Us
    trusted choice insurance agency in tennessee

    Get the Elite Mobile App below!

    Download Here
    kentucky insurance company

    © 2023 Elite Insurance. Website by MPoweredIT.

    Skip to content
    Open toolbar Accessibility Tools

    Accessibility Tools

    • Increase TextIncrease Text
    • Decrease TextDecrease Text
    • GrayscaleGrayscale
    • High ContrastHigh Contrast
    • Negative ContrastNegative Contrast
    • Light BackgroundLight Background
    • Links UnderlineLinks Underline
    • Readable FontReadable Font
    • Reset Reset