Builders Risk News Roundup: February 2021
For this month's edition of our Product News Roundup, check out these three builders risk insurance highlights to help you sell and service course of construction clients with confidence.
- Extended Coverage for Unsold Dwellings
Unsold dwelling coverage, also known as a third-year builders risk policy, is available when the structure was previously insured by us as a new construction project and is still waiting to be sold.
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- Renovation Code Changes Covered
Ordinance or Law coverage is automatically built into our policy to insure unexpected city code changes for remodeling projects when the existing structure is excluded.
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- Endorsements After Issuance
In many cases, we’ll allow you to endorse a policy even after it’s issued. This can be done online or directly with an underwriter, depending on how it was originally issued.
Explore 10 Coverages >
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Check in again next month when we deliver another roundup of product news. Until then, you can find out what other insurance professionals say about the Builders Risk Plan insured by Zurich or leverage our resource center to ramp up your expertise even more!
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Check out these three tips for insuring frame construction so you can confidently sell to and service construction clients.
Through US Assure, you have access to policies that often complement the needs of your builders risk insurance clients. Check out these instructions to service them in the most efficient way.
Do you know the differences between a named insured, additional name insured and additional insured?
When a covered cause of loss occurs, the claims payment check will be issued to all named and additional insureds, as well as lenders, and each will be required to sign it in order to receive funds.
Check out these definitions to ensure you understand the full impact of each insured type.