Builders

Builders

Buying a vacant lot or a fixer-upper in the Piedmont region? If the property is unoccupied or undergoing significant renovation, standard hazard and fire insurance usually will not cover it. The higher risk of vandalism, accidental property damage, and contractor injuries puts these projects in a different underwriting category altogether. That is where builder's risk insurance comes in.

Builder's risk policies are designed specifically for properties under construction or major renovation. Whether you are flipping a house near Lake Norman, gutting a commercial building in downtown Greensboro, or building from the ground up along the I-85 corridor, this coverage protects the structure, materials on site, and your liability exposure while the work is in progress. Expect premiums to run two to four times higher than a standard homeowner's policy, but the protection is essential for any serious renovation or new construction project.

Builder's risk insurance is a critical safeguard for your investment properties. Contact Cornerstone Insurance and let us match you with the right coverage for your project.

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