For many families, the idea of building or renovating a home is more than a construction project. It’s the dream of finally having that wraparound porch where summer evenings can be enjoyed, a kitchen expansion where holidays are celebrated, or an addition that makes room for a growing family. These projects are milestones that represent both hard work and future memories, and protecting them should be part of the plan from the very beginning.
That’s where Builder’s Risk coverage comes in. This specialized form of property insurance protects structures, materials, and equipment during the course of construction or renovation. Unlike standard homeowners insurance, which typically does not cover a home under construction, Builder’s Risk steps in to safeguard against losses from fire, theft, vandalism, wind, and other unexpected events. Some policies may also extend to cover financial setbacks caused by project delays, giving peace of mind when schedules shift.
Who needs it? Anyone with a financial stake in the project benefits from Builder’s Risk coverage. Homeowners, contractors, and subcontractors all invest in materials, equipment, and labor that could be at risk if disaster strikes. From lumber stacked in the driveway to appliances waiting for installation, this policy helps ensure that your investment is shielded from the risks that often accompany building season.
Before starting a remodel or new build, it helps to plan ahead. A little preparation goes a long way toward reducing stress and avoiding delays:
Remodel Readiness Checklist
- Confirm your contractor is licensed and insured
- Talk with your insurance agent about Builder’s Risk coverage
- Create a timeline with room for weather or delivery delays
- Secure permits and approvals before breaking ground
- Store materials safely on-site to reduce exposure to damage or theft
- Keep communication open between all parties involved
With summer being prime time for new builds, home additions, and real estate updates, now is the perfect moment to talk with your local agent about whether Builder’s Risk coverage fits your needs. Your dream deserves more than hard work and careful planning. It deserves protection from the unexpected so you can focus on creating a home filled with the moments that matter most.
For more information, contact our trusted agents, Cathy Filsinger and Jeff Davis, at 636-528-8242 or visit lcminsuranceagency.com.
Lincoln County Mutual Insurance Agency, Inc.
320 Main Street • Troy, MO 63379
Through all the seasons and all the reasons you need us.
