Builders Risk News Roundup: March 2023

1) Modular vs. Manufactured Construction

Modular home construction, which consists of pieces or sections that are created in a warehouse and assembled at the building site, are eligible for coverage.

Manufactured homes, which are built on top of a non-removable steel chassis that enables them to be transported from the warehouse or factory to another location, are ineligible.

2) Coverages for Modular Homes

Modular construction is treated just like a site-built project. That means all coverages you would expect in a standard Zurich builders risk policy could be offered, possibly even property in-transit.

3) Application for Modular Building

In addition to the details required for a bricks-and-sticks project, supplemental information is needed during the application process, including who will provide the transit, how many homes will be transported, the design or plan number, manufacturer’s website, and how the home is assembled (who puts the sides together and who finishes the build).

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.

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