“Why do I need builders risk insurance if I already have homeowners insurance?”
It’s a common question for agents selling inland marine coverage, and the answer is: gaps. Homeowners policies typically don’t cover the scope of exposures insured by residential builders risk. Those gaps can lead to financial implications should a loss occur.
This guide will help you identify core differences between homeowners and builders risk insurance, and offers considerations for selecting the best option to protect your clients’ interests, including:
When clients’ projects are not properly insured, they risk devastating losses to their home and finances. Download this guide to get insights about coverage they might be missing.