We build confidence
Our Expert® builders’ risk coverage includes
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Broad form physical damage or loss to the insured property
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DE4 (defective part) exclusion
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Protection for innocent insureds when there is a breach of policy conditions
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Property in transit or while in storage offsite — does not increase the limit of insurance but automatically includes the lesser of 20% of the limit or $500,000
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Automatic extensions of coverage
Automatic extensions of coverage
The following extensions are automatically included as part of the limit of insurance.
| Extension |
Time period or limit |
| Removal to protect property from damage |
30 days |
| Debris removal |
Additional 5% of policy limit to maximum of $100,000 |
| Removal of debris blown onto the property |
Included |
| Permission for emergency repairs |
$100,000 if reported within 30 days |
| Bylaws |
Included |
| Extra expenses |
$100,000 |
| Expediting expenses |
$100,000 |
| Automatic fire suppression system recharge expense |
$50,000 |
| Valuable papers and records — including models |
$50,000 |
| On-premises pollution |
$50,000 |
| Professional fees |
$50,000 |
In addition to the limit of insurance, these extension limits are automatically provided:
| Extension |
Limit |
| Escalation of costs |
10% of the policy limit |
| Reward |
$10,000 |
| Fire department service charges |
$25,000 |
Available optional endorsements
Soft costs endorsement
This covers additional fees that are incurred when project completion is delayed as a result of an insured loss, such as additional loan interest, new or revised building permits, and additional property taxes. The following extensions are automatically included as part of the limit of insurance:
| Extension |
Limit |
| Ingress/egress |
$100,000 |
In addition to the limit of insurance, the following extension limits are automatically provided:
| Extension |
Limit |
| Fines, damages and penalties |
$25,000 |
| Off-premises heat, power, gas, water, or communication services |
$25,000 |
| Extended rental costs |
$25,000 |
Delayed startup — loss of rents endorsement
This covers rental income which is lost when project completion is delayed as a result of an insured loss. The following extensions are automatically included as part of the limit of insurance:
| Extension |
Limit |
| Loss of lease |
$25,000 |
| Civil authority shut down — does not include a general shutdown of businesses such as a pandemic |
$25,000 |
Higher limits may be available.
Did you know? We also offer contract and commercial surety bonding solutions. Reach out to your broker to learn more.