Builder’s Risk

Mission Property Loss Consultants public adjusters specialize in managing builder’s risk claims, ensuring all damage is meticulously documented and you receive the compensation needed to continue your project.

What builder’s risk insurance covers

Builder’s risk (also called course of construction) insurance protects a structure while it is being built or renovated, including materials and equipment on site, in storage or in transit, depending on the policy. Common covered causes include fire, wind, hail, theft, vandalism and certain water losses. Coverage generally ends when the project is completed, accepted or occupied.

What makes these claims complicated

• Many parties. Owners, general contractors, subcontractors and lenders can all have an interest in the policy and in the payment.
• Faulty workmanship and design exclusions. Many policies exclude the defective work itself, while ensuing damage may still be covered, and the line between them is often disputed.
• Water losses. Rain intrusion, burst pipes and testing-related leaks are frequent claims and frequent disputes.
• Delay in completion. Soft costs such as extended financing, permits and lost rents are covered only if the policy includes that coverage.
• Documentation. Schedules, daily logs, invoices and progress photos decide how much of the loss can be proven.

What to do after a builder’s risk loss

• Secure the site and stop further damage where it is safe to do so.
• Notify the insurer, and any broker or lender the policy requires you to notify, promptly.
• Photograph the damage and gather the schedule, contracts, daily logs and change orders.
• Separate damaged work from undamaged work in your cost records.
• Keep receipts for temporary protection and expedited materials.

How Mission PLC helps

We read the policy and contract documents, coordinate with your contractor and project team, quantify the physical damage and the schedule impact, and present the claim to the carrier in a form that is hard to dismiss. If you and the insurer cannot agree, we can help you evaluate options such as appraisal.

Builder’s risk claim questions

This page is general information, not legal or insurance advice. What is covered depends on your specific policy, its endorsements and your state’s rules.

Why Choose Mission Property Loss Consultants for Builder’s Risk Claims?

Comprehensive Assessments: Detailed inspections to document all builder’s risk damage.

Accurate Reporting: Thorough documentation to support your builder’s risk claim.

Claim Management: Expert handling of your claim to ensure a smooth process.

Client-Centric Service: Dedicated to representing your best interests.

If your construction project has been affected by damage covered under builder’s risk insurance, contact Mission Property Loss Consultants today.

Our experienced public adjusters will ensure your claim is handled with care and precision, securing the compensation you need to keep your project on track. Reach out to us now to start your builder’s risk claim.

Contact Us Now

• + 1-833-446-7728
• info@missionae.com