We continue to remain open to assist with all of your insurance needs.

Our dedicated staff is available via phone and email. We have team members in our office for any needed drop offs of payments or paperwork. Please call ahead to schedule any in-person appointments and ring our doorbell upon arrival for assistance.

 

Please note that all customers will be required to wear a mask before entering our office.

Thank you for your understanding as we continue to keep our customers and team members safe and healthy.

Please call 610-446-5059 with any questions and we will be happy to assist you with help for a new policy, questions, payments, claims, or any of your insurance needs!

icon-white-BusinessInsurence

Builders’ Risk Insurance

The Best Coverage for Builders’ Risk Insurance in Havertown

Builders Risk Insurance is a policy is designed to provide coverage for buildings while under construction. It covers the contractor’s interest in materials at the job site before they are installed, materials in transit intended for the job, and the value of the property being constructed until it is completed and accepted by the owner. The policy may be written to cover the whole structure for new construction or the cost of remodeling and renovation projects. It can also be used to cover specific projects, such as a new room addition, a deck, or a remodeled bathroom.

Builders risk insurance usually is in the name of the contractor or the property developer; but it could also be in the name of the property owner if he is responsible for insuring it while the property is under construction. Both commercial and residential construction sites might be covered under a builders risk insurance policy.

There are also additional built-in schemes for the specialized needs of a particular construction project, whether it’s commercial or residential. Often, insurance companies request a certain level of experience of the builder before they provide insurance coverage for their commercial sites. Usually, an experience level of 2-3 years in commercial construction is desired.

An additional option that can be attached with builders risk insurance coverage is movement of earth. If the construction is extremely large, then the cost of moving earth from the digging site could amount to a great deal.

A builders risk insurance policy is essential for people who have a financial interest in property construction, either commercial or residential. It doesn’t mean only new construction, but also any remodeling or renovation project.

If any damage to construction material occurs in transit or during storage, then this cost could also be covered under a builders risk insurance policy.

Business Insurance Quiz
/

What to Expect from Peterson Insurance

Flourish-1-blue

Insurance can be confusing and with all of the online companies these days, a lot of customers feel that they aren’t getting the answers and coverage explanations they deserve. We make sure that we take the time to work with each of our customers on a personal level and help you get the coverage you need at a price you can afford. For us, it’s simply a matter of doing things the right way.

icon-Prices

Guaranteed Best Prices

As independent agents, we check options from many carriers, finding you the best price available to meet your needs.

icon-Attention

Personal Attention

We're a family business, and firmly believe that you should be treated with the same level of care and courtesy.

icon-Education

Useful Education

We do more than just getting you covered: we ensure you understand your options to make the best choice.

CityRoad-2
Truck-1
Truck-2

What People are Saying About Us

Call, email, text, or chat with us today!

(610) 446-5059

We’d love to work with you to find the best coverage for your needs.