Builders risk coverage — also known as course of construction insurance — is a proven way to protect against the unique risks that endanger residential and commercial new construction, remodeling and installation projects. It usually combines standard coverages and optional endorsements to customize coverage for a specific risk and is based on area exposures. (Michael Flippo/Adobe Stock) Builders risk coverage — also known as course of construction insurance — is a proven way to protect against the unique risks that endanger residential and commercial new construction, remodeling and installation projects. It usually combines standard coverages and optional endorsements to customize coverage for a specific risk and is based on area exposures. (Michael Flippo/Adobe Stock)

Even though the current home construction market might be deemed complicated, make no mistake — the long-term trend in residential construction is onward and upward. One key reason: Construction of more than 5 million homes is needed in the U.S. to meet the demands of those who want to buy a residence this year.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Commercial Lines
E&S/Specialty