08/26/2026
“The builder has insurance, so my new home is covered… right?”
Not necessarily.
This is one of the most common misconceptions we hear from homeowners building a new home.
While your contractor should carry their own insurance, that coverage is designed to protect their business—not your financial investment in the home itself.
If a fire, windstorm, theft, or another covered loss damages the home while it’s under construction, you could be left facing high costs if the proper insurance isn’t in place.
That’s where Builders Risk insurance comes in. It can help protect:
The home while it’s under construction
Building materials on-site
Certain losses that occur during the build
Liability exposures associated with the project
Every construction project is different, and coverage requirements can vary by insurer. Before your build begins, talk with your insurance broker to make sure your investment is properly protected.
Building a home is exciting! Having the right insurance helps ensure an unexpected event doesn’t derail your plans.
