Builder’s Risk Insurance is specifically designed to cover homes while they are under construction. During that time, buildings are subject to many different risks such as fire, high winds and other perils. Builder’s Risk insurance covers some of these losses. Covered building components include foundations, fixtures, machinery, equipment used to service the building, materials and supplies.

For homes valued over $1 million, Orchid can offer a customized policy duration of up to 36 months. If the construction takes longer than anticipated, a month-by-month endorsement can be added.

• Also called Course of Construction
• Most homeowner’s policies do not cover a home under construction
• Covers supplies and materials
• Coverage includes project from start to finish
• Once construction is completed, the insured will need a homeowners policy
• Minimum is as low as $200,000 in most states
• Able to be written on a HO3 form
• Can write excluding wind with our DP3 and Builder’s Risk programs if needed
• Can write both ground up construction and renovations policies
• Can include Liability – up to $500,000
• Theft of building materials coverage available

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All States