The Course of Construction Program is a product specifically designed to meet the insurance needs of owners and contractors during construction of residential buildings. This program is essentially for a small to medium sized contractor that specializes in residential construction. It is underwritten on an individual risk basis, subject to fully completed applications.
New Single Family residential construction only
Built by a contractor or an individual with the aid of a contractor
Not intended for subdivision developers
COMPETETIVE RATES FOR SMALL TO MEDIUM SIZED RISKS (up to):
$750,000 for Protected Risks
$500,000 for Semi Protected Risks
$300,000 for Unprotected Risks
NEW! Risks that have already been started! Forward completed application, photographs and a reason explaining why insurance has not been purchased (these risks will be referred)
Liability Limits available of
$1,000,000 & $2,000,000
Policies can be issued for a minimum of 3 months to a maximum of 6 months from the date of construction started. Extensions may be granted (for a surcharge).
The maximum term we will write with all extensions is 12 months from the date of construction started.