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Builders Risk Insurance

Developers, builders and contractors are faced with big risks everyday. As a building is developed, the risk of loss changes with every phase – from pouring the foundation right up until the building is finalized. There are ordinary risks that come with the territory of construction and development, but why take unnecessary risks? The average cost of a Builders Risk Policy is only about 3% of the estimated project cost, a small cost for a lot of coverage!

Contact a McLean Insurance agent now to discuss what type of Builders Risk Insurance coverage is most suitable by calling 703-790-5770.

McLean Insurance Risk Advisors
Offer The Following Benefits

  • Property damage: Includes construction material, heavy machinery and equipment, temporary structures, cribbing, false work, fencing, scaffolding, construction signs and landscaping
  • Labor costs and earned profits: Replaces labor costs, income and expenses
  • Theft: Some builders risk insurance policies will cover theft of building materials; to get this coverage, you may need to have a gated job site
  • Perils of nature and man-made disasters: Hurricanes, fires, blizzards, severe hail storms, lightning, black outs, and broken water mains

Why Choose McLean Insurance
For Your Builders Risk Insurance?

Our Customers Love Us

Independence Realty is a real estate investment company that specializes in flipping properties as well as managing over 100 rental properties. We could not keep up with the ever changing dynamics of our business without Maureen Scholz. We are proud to say that she is an instrumental part of our... Show All

Independence Realty is a real estate investment company that specializes in flipping properties as well as managing over 100 rental properties. We could not keep up with the ever changing dynamics of our business without Maureen Scholz. We are proud to say that she is an instrumental part of our company. Thank you Maureen for all that you do!

Independence Realty
Nov 23, 2016

Consistent, Timely & Accurate Advice - We have had the pleasure of dealing with Young Kim at McLean Insurance Agency on the various type of insurance that our construction business requires. The different limits and the heavy requirements for certificates including those forms and wordings have always kept owners of... Show All

Consistent, Timely & Accurate Advice - We have had the pleasure of dealing with Young Kim at McLean Insurance Agency on the various type of insurance that our construction business requires. The different limits and the heavy requirements for certificates including those forms and wordings have always kept owners of construction companies awake however with Young, I never had to worry about any of those requirements.

Also, his aggressiveness to find the right policies has helped me stay insured even after different unfortunate claims hurting my experience modification. We have always had professional and personal attention by Young and members of his team. But perhaps just as important, members of McLean Insurance Agency have consistently provided advice and counsel that was accurate and timely. Any individuals who we have been referred to the agency have responded to us with positive feedback and thanks.

Rodolfo G.
Apr 20, 2015

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Insurance Carriers We Represent

FAQ

What is Builders Risk?

Coverage that protects a person's or organization's insurable interest in materials, fixtures and/or equipment being used in the construction or renovation of a building or structure should those items sustain physical loss or damage from a covered cause.

I have a property policy. Why do I need Builders Risk?

You need builders risk because most policies will exclude property that is under construction.   The Builders Risk policy will also provide coverage for theft of building materials on site and also for materials in transit.

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