Builders Risk News Roundup: September 2022
For this month's edition of our Product News Roundup, check out the these noteworthy tips to help you sell and service construction clients with confidence.
Check out the these three noteworthy policy details to help you sell and service construction clients with confidence.
Anticipated Completion Date
When completing an application, confirm that you’ve entered the “Anticipated Completion Date” as it’s listed in the construction agreement, rather than the policy expiration date. If you can’t find it in the agreement, be sure to ask your client.
Hard and Soft Costs
The hard cost sum is based on the project’s total completed value and includes all costs associated with the design and construction of the project. Soft costs are less tangible items likely paid prior to construction, such as advertising and promotional expenses.
When Coverage Ends
Certain conditions can end coverage, so our 40471 and 40660 coverage forms are available any time for you to read the full description. Log in then select Forms Library under Programs > Builders Risk.
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Check out these details about insuring modular construction. Then, sign up today for instant access to our “A” rated product in your state with no volume commitment.
A safety net for increasing material costs is now available! US Assure is expanding the eligibility for the inflation guard endorsement to the Builders Risk Plan insured by Zurich.
Read this PC360 article from our president about the growing opportunities in the construction industry despite inflation and supply chain lags.
Check out these three builders risk policy tips. Then, sign up today for instant access to our “A” rated product in your state with no volume commitment.