Residential Construction

Contract Damages

• If you are a contractor, coverage for your reasonable monetary contractual obligation to your customer (the project owner) as a result of a late completion date due to a direct physical loss.
• This coverage is included in every policy with default limits based on project value. Higher limits are available as needed to tailor coverage to insured’s needs.

Crane Re-Erection Costs

• Coverage for costs to re-erect a tower crane at a project site as a result of direct physical loss to a tower crane or property at the covered project, if the tower crane is necessary to complete the project.
• This coverage is included in every policy with default limits based on project value. Higher limits are available as needed to tailor coverage to insured’s needs.

Crime Reward

• Coverage for reimbursement of a reward that you pay to an individual(s) providing information leading to the arrest and conviction of the person(s) who committed a crime that resulted in a loss.
• Included limit: $10,000 (higher limits available for additional premium).

Debris Removal

• Coverage for expenses to remove debris of covered property, caused by or resulting from a loss.
• This coverage is included in every policy with default limits based on project value. Higher limits are available as needed to tailor coverage to insured’s needs.

Expediting and Extra Expense

• Coverage for additional expediting and extra expenses you incur to continue normal construction operations or to complete a project by its planned completion date, as a result of a loss.
• This coverage is included in every policy with default limits based on project value. Higher limits are available as needed to tailor coverage to insured’s needs.

Fire Department Service Charges

• Coverage for costs incurred when the fire department is called to save or protect covered property.
• Included limit: $25,000 (higher limits available for additional premium).

Fire Protection Equipment

• Coverage for costs incurred when the fire department is called to save or protect covered property.
• Included limit: $25,000 (higher limits available for additional premium).

Fungus*

• Coverage for direct physical loss by fungus, wet rot, dry rot or bacteria.
• Included limit: $10,000 (higher limits available for additional premium).
• *In NY, Fungus is INCLUDED.

Green Coverage

• Coverage for projects designed to meet sustainable "green standards", covering the following expenses incurred after a loss: Hire a Qualified Professional, Air Quality, Building Commissioning, Certification and Registration, Enhanced LEED Standard and Public Utility Expense and Loss of Income from Sale of Power.
• Included limit: $50,000 (higher limits available for additional premium).

Landscape Property

• Coverage for loss to lawns, trees, shrubs and plants at the project site if caused by fire, lightning, explosion, theft, vandalism, aircraft, civil disturbance or riot.
• This coverage is included in every policy with default limits based on project value. Higher limits are available as needed to tailor coverage to insured’s needs.

Loss Data Preparation

• Coverage for actual cost of preparing a statement of loss or any other exhibits required in connection with any claim.
• Included limit: $10,000 (higher limits available for additional premium).

Plans and Records

• Coverage to reproduce, replace or restore valuable papers or records including blueprints, plans, drawings or data stored on electronic media, located at the project site, due to direct physical loss.
• Included limit: $25,000 (higher limits available for additional premium).

Pollutant Clean Up and Removal

• Coverage for expenses to extract pollutants from land or water at a project site if the release, discharge or dispersal of the pollutants results only from loss to covered property that occurs during the policy period.
• Included limit: $25,000 (higher limits available for additional premium).

Project Escalation and Change Order

• Coverage for the actual increase in loss due to increases in the cost of labor or materials or agreed upon contract change orders after policy inception that increase the completed value of the project.
• Builders Risk Rate applied to increased value at audit.

Recycling and Salvage Expense

• Coverage for additional expense to divert debris of covered property to a recycling facility rather than a landfill facility, if such debris can be recycled.
• Included limit: $10,000 (higher limits available for additional premium).

Removal Expenses

• Coverage for expenses to remove covered property from a project site, if removal is necessary to avoid imminent loss.
• Included limit: $100,000 (higher limits available for additional premium).

Sewer Backup

• Coverage for direct physical loss to covered property caused by water that backs up from a sewer, septic tank, sump or drain, except when caused by an excluded water event.
• Included limit: $25,000 (higher limits available for additional premium).

Temporary Locations

• Coverage for loss to covered property while it is at a temporary location used for storage while awaiting delivery to the project site.
• This coverage is included in every policy with default limits based on project value. Higher limits are available as needed to tailor coverage to insured’s needs.

Temporary Structures / Project Trailers & Contents

• Coverage for loss to temporary structures, office trailers, and construction trailers while located at the project site, and office furniture, fixtures, machinery and equipment in covered office trailers.
• This coverage is included in every policy with default limits based on project value. Higher limits are available as needed to tailor coverage to insured’s needs.

Temporary Works

• Coverage for loss to scaffolding, construction forms, falsework and temporary fences while they are located at the project site.
• This coverage is included in every policy with default limits based on project value. Higher limits are available as needed to tailor coverage to insured’s needs.

Transit

• Coverage for loss to property while in transit to the project, to off-site fabrication or to a temporary storage location, including loading and unloading from a transporting vehicle.
• This coverage is included in every policy with default limits based on project value. Higher limits are available as needed to tailor coverage to insured’s needs.

Earthquake

• Coverage for earthquake and volcanic eruption. Broadened definition to include earth movement is available for additional premium.

Equipment Breakdown

• Coverage for physical and financial damages resulting from equipment breakdown, including technology-related failures.

Flood

• Coverage for flood, mudslide, surface water, and underground water.

Ordinance or Law

• Coverage for additional or increased costs resulting from the enforcement of an ordinance, regulation or law regulating the demolition, construction, repair, replacement or use of the property following a loss.

Rain, Sleet, Snow, Hail or Ice

• Coverage for damage from rain, sleet, snow, hail or ice to property when not in a fully enclosed building or structure.

Residential Builders Coverage Extensions

• Option to include coverage for:
• Homes in Inventory
• Model Homes and Model Home Contents
• Trade-in Homes
• Subdivision/Development Property
• Additional Living Expense

Time Element

• Option to include coverage for Soft Costs, Rental Value and Business Income.