Can a Homeowner Buy Builders Risk Insurance?

Yes. A homeowner can request builders risk for a new home or renovation, but the insurer decides whether the project qualifies. For an existing home, confirm separately that the policy covers both the structure and the new work: the cited specimen excludes the existing building under improvement, while California’s guide describes broader renovation use.

For an existing home, distinguish the structure already there from the new work. The specimen ISO form excludes an existing structure undergoing improvements, while the California Department of Insurance describes builders risk for new construction and existing structures undergoing additions, alterations, or repairs. Those sources illustrate differing terms.

Describe the home’s current use, project scope, construction stage, location, and estimated value. Ask whether the homeowners policy remains active during work, whether a construction endorsement is available, and whether a separate builders risk policy can include both the existing dwelling and new work. Confirm dates, limits, deductibles, and occupancy terms before work starts.