Builders Risk News Roundup: March 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.
- CLT Mass Timber Rate Reduced
Clients now receive a lower mass timber rate for cross-laminated timber on commercial projects valued over $10 million.
Commercial Info >
- Reinstatement Timeline Extended
After a policy enters cancellation status, you now have up to 72 hours (extended from 48 hours) to return a no loss letter for reinstatement.
Payment Info >
- Coastal Eligibility Maps
You can quickly identify eligible territories with our new barrier island and coastal region maps.
Get Maps >
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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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Effective May 13, 2023, the 12-month policy term for remodeling policies with existing structure included and valued under $50,000 will no longer be available.