Builders Risk Insurance in California (CA)

From its picturesque coastline to its majestic mountains and expansive deserts, California offers something for everyone. Key landmarks across this eligible territory include the Golden Gate Bridge, Alcatraz Island, Redwood National Park, the Hollywood sign, Santa Monica Pier, Disneyland and Rodeo Drive. Because our Zurich builders risk policy is available countrywide, course of construction projects from Los Angeles to San Francisco can be secured by nearly any licensed property and casualty insurance agent for homeowners, contractors and more.

What is builders risk insurance?

Builders risk insurance (also called course of construction insurance) protects a person's or organization's insurable interest in materials, fixtures and / or equipment to be installed during the construction or renovation of a building or structure should those items sustain physical loss or damage from a covered cause.

How much does builders risk insurance cost in California?

A few factors have the greatest impact on cost, including:

1. Project Type
2. Location
3. Construction material type
4. Optional coverages
5. Additional Fees and Taxes

Bearing all these factors in mind, the minimum premium for the Builders Risk Plan insured by Zurich starts at $350 in California. You can get a formal builders risk insurance quote when you apply online today with no minimum volume or premium commitment. Additionally, the California rate pages and a premium estimate calculator may be available for registered producers based on the project type.

What builders risk coverages are available in California?

Policies with the Builders Risk Plan insured by Zurich are broad in scope, so unless a peril or risk is specifically excluded, it’s likely covered. Some standard coverages include:

• Theft
• Vandalism and arson
• Collapse
• Fire or lightning
• Property damage
• Materials in transit and at temporary locations
• Debris removal
• Ordinance or law

Optional coverages are also available to help tailor protection for commercial and personal lines clients. Some coverages include:

• Soft costs
• Backup of sewers, drains or sumps
• Better green
• Business income and extra expense*
• Contract change order
• Earthquake or earth movement, where available
• Flood, where available
• Rain, snow, sleet and ice coverage extension*

*For commercial projects only

Who is eligible for builders risk coverage in California?

Whether in a historic city like Riverside or the serene mountain landscapes, nearly every individual or entity with a financial stake in a completed construction project is eligible to purchase a builders risk insurance policy in the Golden State — including contractors, business owners, homeowners, property investors, and financial institutions, all of whom can benefit from the protection offered by builders risk insurance.

Eligible residential clients include:

• Homeowners
• House flippers and investors
• Landlords
• Real estate agents
• Residential contractors
• Subcontractors

Eligible commercial clients include:

• Commercial contractors
• Commercial property owners
• Municipalities (local governments, school districts)
• Real estate agents
• Retail tenants who are expanding or remodeling a leased space
• Subcontractors

How to Get a California Builders Risk Insurance Quote

It’s fast and easy to obtain a builders risk insurance quote in every city of California. You can start an application online for residential and commercial course of construction projects valued up to $75 million. Projects valued under $5 million require little-to-no human intervention.

Create your online account in minutes, then log into our online policy issuance platform to get a quote today.

Use our application checklist to gather basic client information before you complete the online application.

California Cities with Builders Risk Insurance Include:

• Anaheim
• Fresno
• Lathrop
• Los Angeles
• Oakland
• Riverside
• Sacramento
• San Diego
• San Francisco
• San Jose