Does Builders Risk Cover Flood?
Not automatically—the cited specimen form contains water exclusions rather than a universal flood grant, and Oregon’s sample clause calls for flood coverage when required.
Ask for the flood definition, including surface water, storm surge, and watercourse overflow; eligibility for the project and storage sites; project and storage limits; any sublimit or waiting period; and how the deductible is calculated. Flood can be defined broadly in a policy to include surface water or overflow, while backup and below-ground water may have separate treatment. If the building will later be occupied, a commercial property or homeowners policy may need separate flood insurance after the construction policy ends; do not assume a construction endorsement bridges that transition.
