When building a new construction property, it is important that you, the owner, have appropriate insurance coverage for the project, regardless of the General Contractors’ coverage. National Real Estate Insurance Group’s Builder’s Risk policy can help protect your property and your investment during the construction process.
Submit your property information using our online proposal request, and receive a custom proposal. An agent will contact you to go over your custom insurance options and help you choose the best coverage for your specific situation.
Start a proposal request to get your new construction insurance today!
When building a new property, Builder’s Risk coverage can protect your property against direct physical damage to the property, such as:
- Windstorm and Hail
- Riot or Civil Commotion
- Vandalism and more
After you request a proposal, your agent will discuss with you what is included with your property coverage.
Liability coverage is needed to protect you, the owner, from claims that happen during the construction process. As soon as you break ground, your liability exposure changes and it is critical that you transition to a New Construction liability policy. Liability claims examples may include:
- Accidental injury on the premises
- Wrongful death
- Medical expenses if someone is injured on the property
- Defense costs
Liability coverage does not extend to general contractors or anyone hired to be on site. Ask your agent if you would like to learn more about General Contractors Liability or Products & Completed Ops policies.
Why choose us when insuring a new construction project?
With NREIG, you can add extra coverage options to your new construction insurance coverage. After you request a proposal, an agent will contact you to discuss your proposal and offer additional coverage options to limit your exposure. We have products ranging from flood to additional umbrella liability options.
Named Windstorm Coverage
When insuring your properties with NREIG, you can make coverage changes and pay for coverage as-you-go. Our clients can choose to manage their account online 24/7 or with a dedicated Client Service Representative.
Read one of our articles about new construction insurance or go to our Resource Center to learn more about different insurance topics.
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