Builders Risk News Roundup: May 2023

May 1, 2023

Check out these three tips on our inflation guard endorsement.

1) Inflation Guard Eligibility

The inflation guard coverage endorsement can now be secured online for residential and commercial new construction and remodeling projects valued up to $75 million.

2) Inflation Guard Explanation

Different from our contract change order endorsement where the cost of materials increases at the owner’s direction, our inflation guard endorsement covers the unexpected rise in price of materials being installed throughout the course of construction.

3) Inflation Guard Function

While this optional coverage serves as a safety net for unforeseen material cost increases, it is not a replacement for endorsing the policy when the total completed value changes.

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.

Become an agent today.

More News

December 1, 2023

Builders Risk News Roundup: December 2023

Check out these three reporting form policy guidelines that will help you confidently sell to and service course of construction clients. Then, sign up today for instant access to our “A” rated product in your state with no volume commitment.

November 17, 2023

Thanksgiving Schedule and Early Closing

November 1, 2023

Builders Risk News Roundup: November 2023

Get a snapshot of these three important builders risk coverages. Then, sign up today for instant access to our “A” rated product in your state with no volume commitment.

October 7, 2023

Eligibility Increase Alert: XPressBIND Expands to $1M for New Home Construction

With new home construction in high demand and increased building prices, don't miss out on the opportunity to speed up your application. When you choose XPressBIND, you’ll race to the finish line with a new level of efficiency and convenience in builders risk insurance.

Next up

Resources