Standard builder’s risk policies often exclude coverage for floods and earthquakes, leaving your projects vulnerable to these natural disasters. Adding endorsements for these risks may be necessary based on the project’s location and environment.
Consider Adding These Endorsements When:
- Your Project is in a High-Risk Zone:
- Flood-prone areas near rivers or coastal regions.
- Seismically active zones with a history of earthquakes.
- Local Regulations Require It:
- Some municipalities or lenders mandate flood or earthquake coverage as part of construction permits or financing terms.
- You’re Building Expensive Structures:
- Protect high-value projects where potential losses could be significant.
- Construction Timelines Coincide with High-Risk Seasons:
- Projects during hurricane or rainy seasons are especially vulnerable to flooding.
Adding flood and earthquake endorsements ensures your project is fully protected against natural disasters. Work with your insurance provider to customize coverage based on risk assessments.
