Construction & Residential Builder's Risk
Great American – Residential Construction Group Web site Application form:
Basic Coverages
- Residential Builders’ Risk covers your property and property that you are responsible for, including materials that are supplied by the owner or that will be permanently installed in the dwelling.
- Residential Builders’ Risk provides coverage for building materials, scaffolding and construction forms while stored on the job site.
- Residential Builders’ Risk provides a specific limit for materials stored temporarily at an off site location. Higher limits may be purchased.
- Residential Builders’ Risk also covers property in transit, removal expenses, fire department service charges and outdoor trees, shrubs and plants.
- Residential Builders’ Risk policy automatically includes profit, with an option to exclude if desired.
Optional Coverages
- Trade-In Homes
- Homes in Inventory
- Model Homes and Contents
- Construction Trailers
- Furniture and Appliances
- Change Order Coverage
- Change Order Coverage
- Permission to Occupy
- Permission to Occupy
- Inflation Protection
- Extra Expense
- Plans and Records
- Flood at eligible locations
- Earthquake at eligible locations
- Renovations Builders’ Risk
Policy Options
- Monthly Reporting: Per Start or Completed Value
- Specific Locations (One Shots): Up to Three Locations
- Annual auditable policy based on gross receipts or total completed value
