Builders Risk Insurance in Marrero, LA
Between groundbreaking and occupancy, a project sits outside what most property policies were written to cover. Builders risk insurance is designed to fill that period. At Boudreaux & Associates Insurance Agency, Inc., our team helps property owners and contractors in Marrero, LA review their coverage before a project begins.
What Is Builders Risk Insurance?
Builders risk insurance is a specialized form of property insurance that covers a project from the moment construction begins until it reaches completion. It typically covers losses from fire, wind, hail, theft, vandalism and certain types of water damage. Coverage generally extends to:
- The structure itself, including framing and permanent fixtures
- Building materials stored on-site or in transit to the job
- Temporary structures, such as scaffolding or fencing
- Equipment used in construction, depending on the policy
Coverage terms, limits and exclusions often vary by carrier, so reviewing the policy details with our team before breaking ground is worth the time.
Is Builders Risk Insurance a Hard Cost?
Builders risk premiums are typically treated as a project expense and are often factored into overall construction budgets. The cost is influenced by the project’s total value, location, construction type, project duration and the scope of coverage selected. Lenders financing new construction frequently require this coverage as a condition of the loan, making it a practical necessity for most projects rather than an optional add-on.
Get Coverage From the Start
An uninsured loss during construction may stall or permanently derail a project. Contact Boudreaux & Associates Insurance Agency, Inc. to review your coverage options and make sure your build is covered from groundbreaking to completion.