Builders Risk Insurance Cost Calculator
Estimate builders risk insurance premiums.
$
Total construction cost including materials and labor
Premium = (Project Value * Rate * Deductible Modifier) * (Months / 12)
Example: $300,000 project value, 6-month build = $2,250-$3,750 insurance cost (0.75-1.25% of value)
What is builders risk insurance?
Builders risk insurance (also called course of construction insurance) covers buildings under construction against damage from fire, wind, theft, vandalism, and other perils.
Who needs builders risk insurance?
Property owners, general contractors, and construction companies need it for new construction, renovations, and remodeling projects. Lenders often require it.
What does builders risk insurance cover?
It covers the structure, materials, equipment on site, and sometimes soft costs like architect fees and permits. It doesn't cover worker injuries or liability.
📐 Formula
Premium = (Project Value * Rate * Deductible Modifier) * (Months / 12)
📝 Example Calculation
Example: $300,000 project value, 6-month build = $2,250-$3,750 insurance cost (0.75-1.25% of value)
❓ Frequently Asked Questions
What is builders risk insurance?▼
Builders risk insurance (also called course of construction insurance) covers buildings under construction against damage from fire, wind, theft, vandalism, and other perils.
Who needs builders risk insurance?▼
Property owners, general contractors, and construction companies need it for new construction, renovations, and remodeling projects. Lenders often require it.
What does builders risk insurance cover?▼
It covers the structure, materials, equipment on site, and sometimes soft costs like architect fees and permits. It doesn't cover worker injuries or liability.