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We have had a policy on our home, vehicles and our Recreational vehicles for almost 40 years with Falls Insurance. Our contact there, Christine, goes above and beyond for us. We have so appreciated the service we have been given, so when it was time to get our Medicare insurance, we contacted Falls Insurance. They were great. We met with Josh who explained all of the insurance benefits and even had costs for my meds. When I had a question he would immediately answer me with a phone call or email. I know most of the agents there and their service is excellent.

Jean A.

Builders Risk Insurance in Idaho Falls ID & Island Park ID

Builders Risk Insurance

Protection for New Construction, Remodeling, and Renovation

Most people are familiar with the concept of insuring commercial or residential property, but many aren’t aware of the distinction between that and insuring property under construction. At The Falls Insurance Center, Inc., we understand the difference and specialize in helping our clients protect their building projects.

What is Builders Risk Insurance?

Buildings and properties under development are exposed to a wide range of exposures that may not affect completed properties. For example, they’re more exposed to weather damage from wind, hail, or rain, as well as threats of theft and vandalism. Builders Risk Insurance provides financial security for a project against these types of risks and more through the course of construction.

The policies we write at The Falls Insurance Center, Inc. can include the following:

Structural Coverage: Buildings and other structures associated with the project are typically the largest financial exposure
General Liability: Construction means people working in an environment where they’re at increased risk for injury
Equipment & Materials Coverage: In addition to what’s being built, the equipment and materials being used for construction are also at risk for damage or loss

There are many factors that go into crafting the right Builders Risk policy for a particular operation. Details such as time and duration of construction, the location of the build site, and the type of property can affect what type of coverage might be deemed necessary as well as your rate. Our agents will work with you to assess your individual needs and find a plan that meets those needs within your budget.

Who Needs Builders Risk Insurance?

Usually, Builders Risk Insurance is established in the name of those funding or managing construction, but may also be obtained by the landowner or others involved with the project. There is very often more than one party named on a Builders Risk policy, especially in cases of complex tasks involving architects, engineers, and other specialized professionals who may not otherwise be insured.

The Right Partner

When purchasing Builders Risk Insurance, it’s clear that you need to work with an experienced agent that understands how to protect construction properties and who will carefully consider the specifics of your project to ensure you get the right coverage. When you contact The Falls Insurance Center, Inc., our agents will give you exactly that. So give us a call today and we’ll help secure your property from start to finish.