Builders Risk Insurance in Florida: Protecting a Home or Building Under Construction

Builders risk insurance covers a home or commercial building while it is under construction or major renovation. It protects the structure, materials on site and often materials in transit against risks like fire, wind and theft. Lenders in Florida often require it before releasing construction funds.

Who needs builders risk insurance?

Homeowners building a custom home, property owners doing major renovations, developers and contractors can all need builders risk coverage.

The construction contract usually says who is responsible for buying it, so check before the project starts.

What does builders risk cover?

Policies typically cover the building under construction, materials and supplies on site, and temporary structures such as scaffolding. Many cover materials stored off site or in transit.

Wind coverage is important in South Florida, and some policies have specific named storm deductibles.

What isn’t covered?

Builders risk does not usually cover faulty workmanship, normal wear, contractor tools and equipment, or injuries on the job site. Those risks are handled by general liability, inland marine and workers compensation.

We can help you build a full package so nothing falls through the gaps.

Frequently Asked Questions

When does builders risk coverage end?

Usually when the building is finished and occupied, or when the policy term ends. Then a homeowners or commercial property policy takes over.

Do I need builders risk for a remodel?

For major renovations, often yes. Your homeowners policy may limit coverage during construction.

Does builders risk cover theft?

Most policies cover theft of materials from the site, subject to conditions such as fencing or security.

Related Reading

• Insurance for New Construction Homes in South Florida
• General Liability Insurance for Contractors in Miami-Dade County