Do your clients ask why insurance costs what it does? It’s a question you’ve probably come to expect. Explaining to your curious clients how premium for a builders risk insurance policy is calculated requires an understanding of the project scope and the considerations providers take when reviewing applications. But, the reasons are simple!
In fact, there are five main elements that impact the cost of builders risk coverage. When you read our resource, 5 Factors that Influence Builders Risk Insurance Cost, you’ll receive an underwriting perspective for the following key cost dependencies and how to identify specific project details that could raise or lower your client’s premium:
- Location
- Construction type
- Project type
- Optional coverage
- Additional fees and taxes
Learn insights to best explain what a builders risk insurance policy costs your clients when you download our free resource today.