- tony.holliday@goosehead.com
- (719) 960-4898
- 102 S. Tejon St Suite 1128, Colorado Springs, CO 80903
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.
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.
Builders’ risk coverage is commonly used for:
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.
The policy can be purchased by different people, depending on the project setup.
If you're building or renovating your home, builders' risk insurance can help protect your investment during construction.
Some builders carry builders' risk to protect the project and meet contract requirements.
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.
Coverage varies, but builders’ risk is often designed to protect:
If the structure is damaged during construction, builders' risk may help cover repairs.
It may help cover building materials stored on-site and, depending on the policy, sometimes materials in transit or stored off-site.
Builders’ risk often focuses on sudden, accidental events that cause physical damage, such as:
We’ll walk through what’s included for your project.
Builders’ risk policies have limits. Common exclusions can include:
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.
Colorado Springs projects can face real risks during construction.
Materials and exposed structures can be damaged quickly during storms.
Job sites can attract theft, especially when materials and appliances are stored before installation.
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.
Pricing often depends on:
We’ll help you choose coverage that matches the project without overbuying.
To start a quote, we usually need:
Please tell us what you're building, where it is, and the timeline.
We'll explain options in plain English.
You choose what fits. We help you set it up correctly.
We help clients in nearby communities, including:
Want the full list? Visit ( Service Areas )
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.
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.
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