Builders Risk

Temporary property coverage for a building under construction or renovation, including materials on site.

Builders risk is temporary property insurance for a structure while it’s being built or renovated, including the materials and equipment on site.

A building under construction faces risks a finished one doesn’t — theft of materials, fire before systems are complete, wind or water damage to an exposed frame — and it isn’t covered by a normal property policy yet. Builders risk covers the project during construction, ending when the work is complete and occupied.

It’s usually written for the project’s completed value and can be bought by the owner or the contractor; getting the insured parties and value right up front avoids gaps and disputes at claim time.

This is a friendly general explanation, not legal or policy language. Exact coverage depends on your policy, carrier, and state. 🤝

Written and reviewed by the We Insure Things team — licensed independent insurance agents. Last reviewed July 23, 2026. Questions? Ask a licensed agent.