NY builder’s risk insurance is a unique type of commercial property insurance which provides NY insurance coverage against damage to buildings while they are under construction.
Builder’s risk insurance is a NY insurance coverage that protects a person’s or organization’s insurable interest in the materials, fixtures and/or equipment that is being used in the construction or renovation of a building should those the materials, fixtures and/or equipment sustain a physical loss or damage from a covered insurance loss.
Most NY builder’s risk insurance policies cover losses due to:
- Fire
- Wind
- 3rd party slip and fall
- Lightning
- Vandalism
- and more…
- Earthquake
- Flood
- War
- Intentional acts of owner
Coverage is typically during construction period only, and is intended to terminate when the work has been completed and the property is ready for use or occupancy.
When purchasing a NY builder’s risk insurance policy it’s important that you work with an insurance agency that understands the construction business and has a good feel for contractors insurance.
With so many alternatives in choosing a NY insurance provider it’s understandable that you may feel a bit frustrated—so why don’t you enjoy running your business and leave the insurance part to us!
It’s all about your building and your building is certainly worth insuring with comprehensive NY builder’s risk insurance.
Contact us today at (518) 456-6688 or Click Here to email – for a complimentary coverage evaluation.
Let one of our life insurance experts get you started on the right path with more information and a free NY builder’s risk insurance quote today!
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