Builders Risk Insurance:
Builders Risk is a type of insurance that is designed for property. It indemnifies against any damage to a building while they are under construction. The builders risk insurance protects a person or business’s interest in any materials, equipment, fixtures to be attached while used in the construction or renovation of a structure if items have a physical loss or any damage from a peril such as wind/hail/lightning. The custom builder / general contractor or the property owner generally purchase the coverage. Any one of the parties in construction may require a certificate showing that they have complied with the local, county, city and state building codes. IRM Insurance is the best agency to guide you through a builder’s risk policy and make sure you are adequately insured.