![]() The term “builder” in builder’s risk insurance refers to the insured, who can be the contractors and subcontractors performing the work, the property owner, the lender, and others with insurable interests. ![]() ![]() Builder’s risk insurance costs typically range between 1% and 4% of the total construction costs, or around $1,000 to $4,000 per $100,000 of construction costs depending on the project details. Policies cover fire, theft, vandalism, and weather. Builder’s risk insurance provides financial protection for building projects while they are under construction or renovation.
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