Course of Construction Insurance

Building your Dream Home in Colorado? You need Course of Construction Insurance

If you’ve found the perfect spot for your dream home or perhaps you’re remodeling to open up your floorplan, it is important to understand course of construction insurance coverage. Building a new home or remodeling an existing space comes with certain risks. Weather, theft and vandalism are just a small part of the risk any type of construction project faces, but there is insurance coverage that may help recoup losses should your project fall victim to certain risks. Commonly referred to as Builder’s Risk Insurance, this coverage provides insurance coverage for a building or home as it is being built or remodeled. This type of coverage can also extend to the materials being used during construction.

Course of Construction policies are typically written in three-month, six-month or 12-month coverage periods with a limited option to extend coverage for longer if necessary. Coverage limits may be determined based on the size, scope and budget of the project.

Course of Construction coverages in Colorado:

  • Fire
  • Wind (depending on locale)
  • Theft
  • Lightning
  • Hail
  • Explosion
  • Vandalism
  • And More!

There are certain exclusions that can apply, like damage resulting from faulty design, materials, etc., so be sure to check with your Southern Colorado Insurance agent to see if your build or remodel qualifies for a Course of Construction policy. Be sure to ask about earthquake coverage and flood insurance for your project too!