Most people are familiar with the concept of insuring commercial or residential property, but many aren’t aware of the distinction between that and insuring property under construction. At Modern Insurance Marketing, Inc., we understand the difference and specialize in helping our clients protect their building projects.
Buildings and properties under development are exposed to a wide range of exposures that may not affect completed properties. For example, they’re more exposed to weather damage from wind, hail, or rain, as well as threats of theft and vandalism. Builders Risk Insurance provides financial security for a project against these types of risks and more through the course of construction.
The policies we write at Modern Insurance Marketing, Inc. can include the following:
There are many factors that go into crafting the right Builders Risk policy for a particular operation. Details such as time and duration of construction, the location of the build site, and the type of property can affect what type of coverage might be deemed necessary as well as your rate. Our agents will work with you to assess your individual needs and find a plan that meets those needs within your budget.
Usually, Builders Risk Insurance is established in the name of those funding or managing construction, but may also be obtained by the landowner or others involved with the project. There is very often more than one party named on a Builders Risk policy, especially in cases of complex tasks involving architects, engineers, and other specialized professionals who may not otherwise be insured.
When purchasing Builders Risk Insurance, it’s clear that you need to work with an experienced agent that understands how to protect construction properties and who will carefully consider the specifics of your project to ensure you get the right coverage. When you contact Modern Insurance Marketing, Inc., our agents will give you exactly that. So give us a call today and we’ll help secure your property from start to finish.
Proudly serving Portland, OR, Wilsonville, OR, Lake Oswego, OR, West Linn, OR, Tualatin, OR, Sherwood, OR, and surrounding areas.
Licensed in Arizona 858451, California 0F17042, Hawaii 331069, Idaho 126004, Nevada 222763, Oregon 100162972, Utah 23554 & Washington 211872
In California we are doing business as: MIM Insurance Services