If your clients are involved in construction or renovation projects, Colonial General Insurance Agency, Inc. offers a flexible and competitive Builders' Risk Insurance program designed to protect structures during the course of construction. This program is ideal for both new builds and remodeling projects and is available through select admitted and non-admitted markets, giving you access to tailored solutions for a variety of risks.
Overview of the Builders' Risk Program from Colonial General
Colonial General Insurance Agency, Inc. is a trusted Managing General Agency and Excess & Surplus Lines Broker serving agents and brokers across the Western United States. With access to a broad range of carriers and underwriting flexibility, Colonial General offers Builders' Risk coverage that supports contractors, developers, and property owners alike. Whether your client is constructing a custom home or renovating a retail strip mall, this program is designed to provide the property coverage they need during the construction phase.
Ideal Accounts and Appetite
This Builders' Risk Insurance program is well-suited for:
- Residential home builders (single-family or multi-family)
- Light commercial construction projects
- Remodeling and renovation contractors
- Developers involved in ground-up construction
- Property owners managing their own construction projects
Projects with clear timelines, professional contractors, and proper permits are typically a better fit. Colonial General can consider both frame and non-combustible construction types.
Coverage Highlights and Advantages
Property Coverage Available for Builders Includes:
- Basic, Broad, or Special Form options
- Coverage for the building under construction
- Building materials and supplies in transit or at an unscheduled storage location (includes a $5,000 limit; higher limits available)
- Contents and Contractors’ Equipment
- Equipment Breakdown protection
- Installation Floater
- Replacement Cost valuation
This coverage helps protect your clients from losses due to theft, fire, vandalism, weather events, and equipment breakdowns during the build period.
Underwriting Notes
Colonial General offers underwriting flexibility through its variety of carrier partners. Each submission is reviewed individually, and coverage can often be customized to fit the scope and timeline of the project. Please note that minimum premiums vary by project type, location, and coverage needs—contact Colonial General for underwriting guidelines specific to your case.
Territories and Availability
This program is currently available in the following states:
- Arizona (AZ)
- California (CA)
- Colorado (CO)
- Idaho (ID)
- Nevada (NV)
- New Mexico (NM)
- Utah (UT)
- Wyoming (WY)
Availability may vary by specific project details and location, especially in high-risk or wind/hail-prone areas.
Why Work With Colonial General
Colonial General brings strong regional expertise and a commitment to helping independent agents succeed in placing construction-related risks. With access to both admitted and non-admitted markets and a streamlined submission process, they are an excellent partner for Builders' Risk placements. Their responsive service and knowledgeable underwriting team help you find competitive solutions for even complex or non-standard construction projects.
Whether your client is a small contractor building custom homes or a real estate investor renovating a commercial property, Colonial General can help you secure the right insurance solution to protect the job site and materials from ground-breaking to completion.
Frequently Asked Questions
What types of accounts are a good fit for this Builders' Risk program?
This program is ideal for residential and light commercial construction projects, including new builds, remodels, and renovations managed by contractors, developers, or property owners.
Can this program cover materials in transit or temporary storage?
Yes, the program includes a $5,000 limit for building materials and supplies while in transit or at an unscheduled storage location. Higher limits are available upon request.
Is coverage available for both new construction and renovations?
Yes. Colonial General offers Builders' Risk policies for both ground-up construction and renovation projects, including interior remodeling and structural changes.
What states is this Builders' Risk program available in?
Coverage is available in AZ, CA, CO, ID, NV, NM, UT, and WY. Availability may vary depending on the project location and risk profile.
Do you work with admitted or non-admitted carriers?
Colonial General has access to both admitted and non-admitted markets, allowing flexibility based on the coverage needs and risk characteristics of each project.
Need help placing an account? Connect with a market specialist.