.png)
Spotlight: Builder's Risk
The process of building a home or adding an addition comes with unique risks that standard homeowner's policies may not cover. A Builder's Risk policy, also known as Course of Construction, is specifically designed to help protect the home, equipment, and materials. From severe weather to fire, and other unexpected events, a minor setback can result in costly delays for your clients. With Orchid's Builder's Risk coverage, you can provide peace of mind throughout the construction process by safeguarding the project from a variety of potential losses, while building your book of business. Learn more about coverage details below!
Coverage Details
-
Written on an HO3 form
-
Coverage up to $10M TIV
-
Minimum as low as $200,000 in most states
-
Homes undergoing construction, ground up, or renovations in progress
-
Direct ocean, coastal, and inland areas available
-
X-Wind Builder's Risk available
-
Liability up to $500,000 depending on the state
-
Theft of building materials coverage available
.jpg)
Need Help With Marketplace?
Check out our Marketplace Resource Center for recorded training videos and FAQs. If you need assistance logging in to Marketplace for the first time, please reference our Single Sign On PDF. Once you have logged in to Marketplace for the first time and are ready to log in again, please reference our Sign In PDF to assist you.
Also, if you would like to attend a training session where you can ask questions and review Orchid's products, systems, and processes, live training is available to you every Wednesday at 10:30AM ET. Register here and choose the date that fits your schedule!
If you have any questions or need assistance, reach out to your designated Agency Development Manager or call us at 866-370-6505.