AIA - Jana Baker Agency
  • Commercial Insurance
  • Garage Liability
  • Auto Dealer Comprehensive Liability
  • Dealers Open Lot
  • Surety & Fidelity Bonds
  • Title Bonds
  • Master Dealer Bonds
  • Probate Bonds
  • Commercial Property
  • Lessor Risk
  • Builders Risk
  • House Flippers
  • Investor Portfolios
  • Homeowner & Condo Associations
  • Property Management
  • Emergency Vehicles
  • Commercial Auto Insurance
  • Commercial Insurance
  • Garage Liability
  • Auto Dealer Comprehensive Liability
  • Dealers Open Lot
  • Surety & Fidelity Bonds
  • Title Bonds
  • Master Dealer Bonds
  • Probate Bonds
  • Commercial Property
  • Lessor Risk
  • Builders Risk
  • House Flippers
  • Investor Portfolios
  • Homeowner & Condo Associations
  • Property Management
  • Emergency Vehicles
  • Commercial Auto Insurance
AIA - Jana Baker Agency

We can design Builders Risk Insurance to fit your needs & budget

Are You Looking for Low Cost Builders Risk Insurance?

    ​You have Questions? I have answers!

Submit
While many may recognize the need for builders risk insurance, just as many are vague on details like what builders risk covers or who’s eligible for it. With 40 years of insurance experience, we get those questions all the time. Today, we’d like to provide the answers to some of those commonly asked questions.
What is builders risk insurance?
​
Builders risk insurance (also known as course of construction or inland marine coverage) is defined as insurance that protects a person's or organization's insurable interest in materials, fixtures and/or equipment awaiting installation (or after installation) during the construction or renovation of a building or structure, should those items sustain physical loss or damage from a covered loss.
However, the differences in covered exposures and policy types between providers (and even between those types of policies offered by a single provider) can make it difficult to determine precisely what you and your clients can expect from a builder's risk insurance.
Who buys builders risk insurance?
There are several groups of eligible clients for a commercial or residential builders risk policy – all of which can purchase the policy in their name, including the following:
  1. Homeowners / property owners
  2. Builders
  3. Contractors
  4. House flippers
  5. Development / investment companies
  6. Retail companies
  7. School districts
What projects under construction are eligible?
Builders risk policies (and the projects they cover) are typically available for ground-up new construction, remodeling (including or excluding the existing structure) and installation.
These projects are classified as either a residential or commercial risk. Bear in mind that the definition of those categories changes from provider to provider. The Builders Risk Plan insured recognizes a residential project as structures from 1-to-4 family home (whether the work performed involves ground-up construction, renovation or installation). Commercial projects are far more varied, covering anything from office buildings to wind turbines to multimillion-dollar sports arenas.
And on that note, limits as to risk value vary by company. The Builders Risk plan insured by Zurich offers coverage for course of construction projects valued up to $75 million, for example.
What types of policies are available?
Builders risk policies are typically available for three varieties of construction: ground-up new construction, remodeling (including or excluding the existing structure) and installation. From there, builders risk policies types often vary between providers. Despite differences in terminology, most builders risk insurance is available in a few different varieties. Those policy types typically include the location-specific/single-project, reporting form, blanket policy and the blanket installation policy. The location-specific policy is very straightforward, while reporting form and blanket policies can be more complex, enabling clients to include multiple projects under the same policy.
What exposures does builders risk cover?
Builders risk is designed to protect construction sites from loss and damage. While exact coverages and limitations vary between providers, comprehensive builders risk policies may offer coverage for theft and vandalism, as well as additional coverages including (but not limited to) soft costs, flood, windstorm, earthquake, ordinance and law, and business income and extra expense. Policies may also cover damage to construction material, temporary structures, fencing, scaffolding, subdivision signs and landscaping.
Builders risk policies alone, however, do not typically cover liability (for accidents and injuries in the workplace). Stand-alone liability insurance may be secured in addition to course of construction coverage. 

Our Promise to You

Our agency makes sure our customers receive the best possible price, with full attention to the amount and type of coverage they are provided. We refuse to allow our customers to be insured with a second-rate insurance company that may not always provide the best in claims or service, or may tend to offer future rate increases that are unreasonable.

We are dedicated to providing our customers with insurance to meet every need using only the best rated companies along with our years of experience. This combination works very well for our customers and we appreciate each one.
Jana Baker, Agent
Picture
Picture
Jana Baker, Agent
   Alabama Insurance Agency          
   2244 Center Point Parkway, Ste 201
   Birmingham, AL 35215
   205-829-1288

   jana@alinsagency.com
Dealer Licensing
Rebuilder Licensing
Pay Roll Services
Notary Services (in office and mobile)
Bookkeeping Services
Non-dealer Designated Agent

Book Appointments
Picture
Picture
Privacy Policy
Picture
Picture
Accessibility Statement