Overview
Homeowners policies typically don’t cover the scope of risks insured by a builders risk policy, which can lead to coverage gaps and serious financial implications should a loss occur.
This comparison guide from US Assure* will help agents and CSRs identify core differences between homeowners policies and builders risk insurance, including:
- Standard coverages for both policies
- How common coverages differ in scope
- Where coverage gaps could exist
- Consequences of underinsured losses
Don’t let homeowners go blindly into new construction or remodeling. Leverage this information to educate them about the financial risk they face without the right protection.
*US Assure is the exclusive program administrator for the Builders Risk Plan insured by Zurich.
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