Homeowners vs Renters: Navigating the Insurance Maze
October 17, 2023
Did you know you can protect your properties even before they are finished being built? Builders risk insurance protects from risks like fire, theft and more.
A couple of years ago, a new restaurant was under construction in the middle of a popular city. One morning, the construction crew discovered that the restaurant had been tagged with graffiti, and some of their work had been damaged. Upon further investigation, the damage was worth over $20,000.
Fortunately, the business had Builders Risk Insurance. Builder’s Risk Insurance is a type of property insurance that covers buildings under construction or renovation. This policy protects the property owner, the contractor, and other parties involved in the construction project.
Builder’s Risk Insurance can cover losses that result from fire, explosions, theft, vandalism, weather-related events, water damage, and collapses due to faulty design.
This policy is customized to meet the project’s specific needs and can cover various risks. If you need to assess your risks, contact us today. One of our insurance advisors will contact you to review your information and present you with the appropriate builder’s risk insurance solution.
One of our insurance advisors will reach out to you to review your information and present you with the appropriate builders risk insurance solution. There’s no obligation, just good-old-fashioned advice.
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At SOGO Insurance, we focus on helping clients secure the best insurance rates by working with top-rated national and regional carriers. Our dedicated brokers deliver a personalized experience, empowering clients to choose from various coverage options.
