Builders Risk Insurance in Colorado Springs, CO
Building a home or doing a major renovation is exciting. It’s also a time when your property is exposed. Materials sit on-site. The structure changes day by day. One storm, theft, or fire can create a big financial setback.
Builder’s risk insurance helps protect a home or building during construction or renovation. It’s designed for the build phase, not the finished home.
At Tony Holliday Insurance, we help people in Colorado Springs get builders’ risk coverage that fits the project, timeline, and budget.
If you want a full view of home coverage options, start with Home Insurance in Colorado Springs.
Quick Answer
Builders’ risk insurance helps cover damage or loss to a building while it is under construction or renovation. It can also help protect materials and supplies at the job site, based on the policy.
When Builders Risk Insurance Is Needed
Builders’ risk coverage is commonly used for:
- New home construction
- Major home remodels
- Additions (extra rooms, garages, expansions)
- Renovations where the structure is exposed
- Projects that require a construction loan
- Work that increases the value of the home significantly
If your project changes the structure, builders’ risk should be discussed.
When the project is finished, most people switch into a standard policy. If the home will be your primary residence, see Homeowners Insurance . If it will be a rental, see Landlord / Rental Property Insurance.
Who Usually Buys Builders Risk Coverage
The policy can be purchased by different people, depending on the project setup.
Homeowners
If you're building or renovating your home, builders' risk insurance can help protect your investment during construction.
Builders and Contractors
Some builders carry builders' risk to protect the project and meet contract requirements.
Property Owners or Investors
If you're renovating a property to rent or sell, builders' risk can help protect the structure-in-progress. We'll help confirm who should carry it so there's no gap.
What Builders' Risk Insurance May Cover
Coverage varies, but builders’ risk is often designed to protect:
The Structure While It's Being Built
If the structure is damaged during construction, builders' risk may help cover repairs.
Materials and Supplies
It may help cover building materials stored on-site and, depending on the policy, sometimes materials in transit or stored off-site.
Covered Events During Construction
Builders’ risk often focuses on sudden, accidental events that cause physical damage, such as:
- Fire
- Theft and vandalism
- Wind or hail damage
- Certain types of water damage from sudden events
We’ll walk through what’s included for your project.
What Builders' Risk Insurance Usually Does Not Cover
Builders’ risk policies have limits. Common exclusions can include:
- Normal wear, poor workmanship, or defective materials
- Contractor mistakes that require rework
- Flood damage unless flood coverage is added separately
- Earthquake damage will occur unless earthquake coverage is added
- Tools and equipment owned by contractors (often covered under different policies)
- Liability claims (builders’ risk is usually property coverage, not liability)
If your project needs flood protection, see Flood Insurance.
If you want quake protection during the build, see Earthquake Insurance.
If you need stronger liability protection beyond the base policies, consider Personal Umbrella Insurance.
Why Builders' Risk Matters in Colorado Springs
Colorado Springs projects can face real risks during construction.
Hail and Wind
Materials and exposed structures can be damaged quickly during storms.
Theft and Vandalism
Job sites can attract theft, especially when materials and appliances are stored before installation.
Fire Risk During Construction
Construction activity increases fire risk, especially when electrical work, welding, or temporary power is involved. Builders' risk coverage helps you avoid paying out of pocket when a covered loss happens mid-project.
What Affects the Cost of Builders Risk Insurance
Pricing often depends on:
- Total project value
- Construction timeline
- Property location
- Type of build (new construction vs renovation)
- Security measures at the site
- Deductible choice
We’ll help you choose coverage that matches the project without overbuying.
What We Need to Quote Builders Risk Insurance
To start a quote, we usually need:
- Job site address
- Project type (new build, remodel, addition)
- Estimated start and end dates
- Total construction value or budget
- Any known contractor details (if applicable)
- Whether the home will be occupied during renovation
How to Get a Builders Risk Quote
Step 1: Share the Project Basics
Please tell us what you're building, where it is, and the timeline.
Step 2: Choose Coverage Level and Deductible
We'll explain options in plain English.
Step 3: Start Coverage for the Build Phase
You choose what fits. We help you set it up correctly.
Serving Colorado Springs and Surrounding Areas
We help clients in nearby communities, including:
Want the full list? Visit ( Service Areas )
Get a Free Builders Risk Insurance Quote
If you're building or renovating and want to protect your budget from setbacks, builders' risk coverage can help. Share your project details, and we'll show you clear options that fit.
Common Questions
Frequently Asked Questions
No. Homeowners insurance is for a finished home. Builder's risk is for a home while it is being built or renovated. When construction is done, you'll usually switch to Homeowners Insurance.
Many policies can cover theft of building materials, depending on policy rules and where materials are stored.
If the renovation is major and exposes the structure or increases risk, builders' risk may be a good fit. We'll help you decide.
Usually no. Builders' risk is mainly property coverage for the structure and materials. Liability coverage is usually separate. For extra liability protection, see Personal Umbrella Insurance.
Often, on the same day, once we have the job site address, timeline, and project budget, we can proceed. You can start here: Get a Free Quote.
