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Can Both the Contractor and Property Owner Be Named Insureds on a Builder’s Risk Policy?

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Financial Interest and Named Insureds In a typical Builder’s Risk policy , the named insured is the entity that has a financial interest in the construction project. This could be the contractor, developer, or property owner, depending on who stands to suffer a financial loss if the property is damaged during construction.

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Builder’s Risk Insurance Declinations: An Interview With Susan DeCarlo

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It’s important to monitor results and get ahead of future threats, and this can help minimize financial losses. For example, our Builders Risk program is 100% online, meaning a licensed agent can submit and bind online for qualifying risks.

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Does Homeowners Insurance Cover Collectibles? 

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In the case of a catastrophic loss, art pieces worth thousands of dollars would only be covered up to that low per-item limit, leaving the collector with significant financial losses. Property and Liability products are distributed through a national network of agents and brokers.

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