Builder’s Risk / COC
Builder’s Renovation Highlights:
- Structural renovations for residential buildings up to 35,000 square feet
- Project costs up to 150% of existing dwelling value
- Standard ISO policy forms
- Commercial credits up to 30% and residential credits up to 40% (May vary by state)
- TIV up to $2,000,000
- Existing building value of $1,500,000 with a 3 story maximum
- Policy form options are DP1, DP3, Special & Basic for 3, 6, 9, or 12 month policies
- DP3 available if built or updated within 25 years
- Full theft coverage available for DP3
- Automatic Property coverage for Other Structures and Personal Property of up to 20% of Coverage A
- Premises Liability up to $1,000,000 & Commercial GL up to $1,000,000 / $2,000,000 (Liability available if acting as licensed General Contractor)
- Vandalism and Malicious Mischief coverage available
- Protection classes 1 through 8 are approved, 9 and 10 on a referral basis
- Policy can be extended to 18 months
- Modular homes accepted
- Exceptional claims service from a well respected and experienced claims team
Course Of Construction Highlights:
- 10 years of experience in internet binding using our groundbreaking online underwriting platform
- Full-fledged marketing and sales partnership from AUGold’s US service center, dedicated to your needs
- Exceptional claims service from a well respected and experienced claims team
- Single Projects with completed values up to $2,000,000
- Residential and Commercial new construction up to 3 stories and 20,000 square feet
- Policy forms available are on a Basic or Special form with ACV & RCV options
- Premises Liability as low as $100,00 / $200,000 and up to $1,000,000 / $2,000,000
- Soft Costs, Property in Transit & Off Site additional coverage included
- Protection classes 1 through 8 permitted, 9 & 10 on a referral basis
- Length of policy options include 3, 6, 9 and 12 months
- Vandalism & Malicious Mischief coverage available
- Theft sublimit for building materials available
- Contractor required to maintain CGL insurance with a minimum of $1,000,000 per occurrence
Please contact us at: 800-488-4096 or email Homeowner@kinginsuranceca.com
