Contractor Insurance

Iowa Builders Risk Insurance

Iowa builders risk insurance is a critical risk management tool for property owners and contractors who want to renovate existing structures or build new ones. Most construction contracts require the procurement of Iowa builders risk insurance. Also known as course of construction insurance, builders risk insurance is a unique property insurance that pays for damages up to the covered limit.

Since builders risk insurance Iowa has a specialized nature, it is recommended that you get the help of an experienced and knowledgeable insurance broker to ensure you pick the policy that fits your needs best. This is where we come in. Whether it’s a new building or a new residential complex, our seasoned and friendly risk managers can help you pick the right limit and policy type.

Builders Risk Insurance Iowa

Iowa builders risk insurance covers any hazards to materials and supplies, structure, equipment, and machinery. It won’t cover injuries on the job site or accidents. Most builders risk insurance policies will not cover land, construction trailers, landscaping, satellites, scaffolding, and theft of supplies from the construction site. However, you can get additional coverage at increased premiums.

What Iowa Builders Risk Insurance Covers

You can structure your builders risk insurance Iowa to cover the following:

On-Site Theft

Construction sites are left unguarded at times so they become easy targets for thieves. Your Iowa builders risk insurance can compensate for any stolen materials. For instance, if a thief breaks into the construction site and steals pipes worth thousands of dollars, the plumber uses his builders risk insurance to replace the pipes.


While seemingly harmless, vandals can set back your construction deadlines by a few months when they break windows, destroy fixtures, and spray paint on the walls. Your Iowa builders risk insurance will cover the damage if the construction site is vandalized.

If vandals pull electrical wirings from an unfinished building, electricians might need to rewire the whole structure. Fortunately, the electrician’s builders risk insurance Iowa will cover the repair cost.

Structural Damage Caused by the Weather

Iowa builders risk insurance covers the cost of damage brought by non-severe weather events such as rain, wind, and hail. For example, if rain damages lumber on the construction site, carpenters will utilize their builders risk insurance to cover the cost of the damage.

The Importance of Builders Risk Insurance

Builders risk insurance in Iowa is a key coverage for people with a financial interest in the property that is being built or renovated. This includes architects, engineers, building owners, contractors, and subcontractors involved in the construction project. When multiple parties are involved in a construction project, the general contractor will purchase the builders risk insurance Iowa and act as the primary insured.

Cost of Builders Risk Insurance

Your Iowa builders risk insurance costs around one to four percent of the total construction cost. However, the type of coverage and the policy’s exclusions can also affect the overall cost. Other factors that can impact the cost of your Iowa builders risk insurance include the materials used, coverage limits, and the type of project.

If there is a delay in the construction project, you can also incur additional costs like rental income, real estate taxes, and lost sales income. Said additional costs can also be covered by your builders risk insurance Iowa.

It is recommended that you know the exclusions of the policy before purchasing. If you need help and guidance finding the right builders risk insurance policy, our seasoned risk managers can provide expert help and guidance.

We are Your Ultimate Choice for Builders Risk Insurance in Iowa

If you need the best builders risk insurance in Iowa, we are your top choice. Our expert, experienced, and friendly insurance professionals will ensure all your claims are expedited and all potential claims are addressed immediately. We will also readily answer all your questions to ensure you can decide accordingly.

Through the years, we have earned the reputation as the best and the most affordable insurance provider. We have an impressive 96.4% client retention rate, a clear testament to the world-class service that has become our trademark. Aside from providing exceptional service, our valued clients also get to enjoy exclusive programs.

Give us a call at 888-505-9012 or fill out our form and get your competitive and free insurance quotes in just minutes!

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