Does Builders Risk Cover Houses?
Yes—builders risk can cover a house under construction or major renovation, but existing structures, occupancy, and temporary living costs need specific terms.
Yes, builders risk can cover a house while it is being built or substantially renovated. For a remodel, the policy must distinguish the existing house from new work and contractor-supplied materials.
The Insurance Information Institute advises notifying the homeowners insurer about remodeling and considering builders risk for a larger project. Confirm occupancy conditions, project value, theft terms, any temporary-living-cost coverage, and when permanent homeowners coverage resumes.
