Builders Risk News Roundup: January 2024

January 16, 2024

With new home construction in high demand and increased building prices, don't miss out on the opportunity to speed up your application using XPressBIND®.

1) Increased Eligibility

Qualifying project values for our XPressBIND application recently increased from $500K to $1M nationwide for new home construction. This means even more efficiency and convenience for you!

2) Prioritized Submissions

Using XPressBIND, you can bypass our regular application if the new home construction is valued at $1M or less and still get the same standard policy. You’ll earn revenue quicker and get a few minutes back in your day.

3) Lightning-Speed Quotes and Policy Issuance

Answer just six questions online (along with the risk address) to obtain a formal quote and issue a policy in record time for eligible new home construction. No underwriting holds will slow you down.

> XPressBIND overview

See you next month when we deliver another roundup of product news. Until then, you can find more training tools for you and your team in our resource center.

This is intended as a general description of certain types of insurance and services available to qualified customers. Any description of policy provisions is meant to give a broad overview of coverages and does not revise or amend a policy. Refer to the policy coverage form for a complete representation of the scope of coverage, terms, conditions, exclusions and more. The policy is the contract that specifically and fully describes your coverage. Some products may not be available in all states and may only be offered on a non-admitted basis. Product availability is subject to change.

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