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BUILDERS RISK INSURANCE: WHAT IS IT? WHO NEEDS IT ?

BUILDERS RISK INSURANCE: WHAT IS IT? WHO NEEDS IT ?. BUILDERS RISK: NEW CONSTRUCTION: INSURANCE COVERAGE IS FOR GROUND UP CONSTRUCTION COST. BUILDERS RISK REHAB / REMODELING:

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BUILDERS RISK INSURANCE: WHAT IS IT? WHO NEEDS IT ?

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  1. BUILDERS RISK INSURANCE: • WHAT IS IT? • WHO NEEDS IT?

  2. BUILDERS RISK: • NEW CONSTRUCTION: • INSURANCE COVERAGE IS FOR GROUND UP CONSTRUCTION COST

  3. BUILDERS RISK • REHAB / REMODELING: • INSURANCE POLICY WILL COVER THE VALUE OF THE REHAB WORK TO BE DONE IN ADDITION ALSO PROVIDE COVERAGE FOR THE EXISTING BUILDING

  4. LIABILITY: • OWNERS PROTECTIVE LIABILITY OFFERS a. PREMISES LIABILITY b. COVERAGE OWNER OR TENANT HIRING A GENERAL CONTRACTOR TO PERFORM NEW CONSTRUCTION OR RENOVATION EITHER RESIDENTIAL OR COMMERCIAL CONSTRUCTION

  5. COMPLETED BUILDING: • ONCE THE CONSTRUCTION HAS BEEN COMPLETED THE OWNER NEEDS TO PURCHASE PERMANENT COVERAGE • BUILDING COVERAGE – AGREED AMOUNT • LOSS OF RENTS – 100% OF RENT ROLL • LIABILITY- LIMIT $1mm / $2mm • UMBRELLA / EXCESS LIABILITY – STARTING LIMITS AVAILABLE FROM $1mm to $100 mm • SEE ENCLOSED MATERIAL FOR ADDITIONAL COVERAGES

  6. PRESENTATION BY: RONALD DISKIN PRESIDENT & CEO 973.599.9600 EXT 11 OFFICE 201.213.6590 CELL 973.599.9606 FAX RDISKIN@RDAINS.COM NY OFFICE: 1375 BROADWAY, 3RD FLOOR NEW YORK, NY 10018 NJ OFFICE: 11 MELANIE LANE SUITE 22A PO BOX 440 EAST HANOVER, NJ 07936 WWW.RDAINS.COM

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