We’re confident that our Bankers’ Builders Risk Single Shot Program can provide the best value to your clients.

Term Length*

Total Construction Limit*

Zip Code for Construction*

Wind Deductible*

This is for a...*

AOP Deductible*

*This quote is only for demonstration purposes. The quote is an example of what a Builders Risk insurance policy may cost when purchased through Bankers Insurance Company. It is not an offer of insurance and does not create a contract of insurance. Premium quotes shown assume property Protection class 1 to 8, wind coverage and no earthquake coverage on the policy. Actual premiums for policies issued by Bankers Insurance Company may vary based on coverage selection and underwriting criteria for individual risks and are subject to eligibility requirements.

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BUILDERS RISK SINGLE SHOT PROGRAM OVERVIEW

Builders Risk insurance is coverage that protects a person’s or organization’s insurable interest in materials, fixtures and/or equipment being used in the construction or renovation of a building or structure should those items sustain physical loss or damage from a covered cause.

Features and Benefits:

Rates up to 20% below competitors
Prorate on single shots ($400 minimum premium retained)
Multiple deductible options
Minimal referrals
Theft and vandalism coverage
100% coinsurance with replacement cost evaluation

Building and Structure in the Course of Construction are Limited to:

Materials and supplies that will become a permanent part of the building and structure:
Foundations, excavations, grading, filling, attachments, permanent fencing, and other permanent fixtures;
Scaffolding, construction forms or temporary fencing at the “jobsite”; and
Temporary structures at the “jobsite”

Optional Coverages:

Earthquake
Existing Structure – can be included when renovation is valued at 50% or more of existing structure for ACV coverage
Windstorm or Hail – offered when ½ mile from Gulf or Ocean (agents are responsible for validation of the distance)

Eligibility:

Ground Up Construction Types, New, Remodel or Renovation Project
Residential (1-4 unit dwellings) or Commercial
1-3 Stories (higher stories available with approval)
Single Building limit up to $10,000,000
Property must be unoccupied for coverage to apply
1 Building per policy

Coverage Availability:

The Builders Risk Single Shot Program is available in these states:

Supplemental Coverage	Limits
Expediting Expenses	$10,000
Construction Forms, Scaffolding and Temporary Structure	Included
Expense to Re-Erect Scaffolding	$5,000
Fire Department Service Charges	$1,000
Ordinance or Law (Undamaged Parts of Building)	Included up to building limit
Ordinance of Law (Increased Cost to Repair and Cost to Demolish/Clear Site)	$50,000
Foundations	$10,000
Personal Property	$10,000
Pollution Cleanup and Removal	$25,000
Rewards	$1,000
Sewer Backup Coverage	$10,000
Temporary Storage Location	$10,000
In Transit	$10,000
Trees, Shrubs and Plants	$10,000

Coverage Extension	Limits
Additional Debris Removal Expenses	$5,000
Emergency Removal	10 Days
Emergency Removal Expense	$10,000
Fraud and Deceit	$50,000
Limited Fungus Coverage	$15,000
Soft Cost Endorsement	$50,000
Waterborne Property	$10,000

Optional Coverage	Limits
Earthquake	Included up to building limit
Existing Structure - can be included when renovation is valued at 50% or more of the existing structure for ACV coverage	Building limit breakdown shown on application
Windstorm or Hail - when over 1/2 mile to Gulf or Ocean	Included up to building limit

Maximum Coverage	Limits
Course of Construction Limit for any single structure	Up to $10M per risk (subject to underwriting approval and pricing)

Deductible Options	Limits
AOP Deductible	$1,000; $2,500 $5,000; $10,000
Earthquake Deductible	5%
Wind Deductible	Percentage Options: 1%; 2%; 5% Flat Options: $1,000; $2,500; $5,000; $10,000;
Fraud and Deceit	$50,000
Limited Fungus Coverage	$15,000
Soft Cost Endorsement	$50,000
Waterborne Property	$10,000
Flat wind deductible not available on values $1M or more in TX Territory 2 (Coastal Counties) and TX Territory 5. Counties: Dallas, Collin, Denton, Rockwall, Ellis, Kaufman, Hunt, Tarrant Parker, Johnson, Wise, Hood, Somervell

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Bankers’ Builders Risk Single Shot Program