How to Prepare for Material Increases and Project Delays
Whether it’s a last-minute swap for more luxurious fixtures, unexpected changes in wood prices or setbacks after a natural disaster, project values and build timelines often change during the course of construction. It’s possible they could result in surprise expenses for your personal or commercial lines clients.
Watch this video to learn about our change order, extra expense and inflation guard coverage endorsements and how they can help shield your builders risk clients from costly losses.
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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.
Check out these three tips on our inflation guard endorsement.