Course of Construction Insurance (Builder’s Risk Insurance)
Builder’s Risk Insurance for Los Angeles, Beverly Hills, Santa Monica, West Hollywood & Malibu
If you are building, remodeling, or renovating a property in Los Angeles or surrounding coastal cities, your project is exposed to serious financial risk from day one. Fires 🔥, theft 🚨, vandalism, storms 🌬️, and construction delays can turn a profitable project into a financial disaster.
At Sun Insurance and Financial, we specialize in Builder’s Risk Insurance (also called Course of Construction Insurance) designed to protect property owners, developers, contractors, doctors, dentists, landlords, and business owners across Southern California.
📞 Call (310) 860-5000 for a free Builder’s Risk quote
🌐 Visit: https://SunInsurance.us
✅ What Is Builder’s Risk Insurance (Course of Construction Insurance)?
Builder’s Risk Insurance is a temporary property insurance policy that protects a building while it is under construction or undergoing major renovation.
Unlike standard property insurance, which only applies to completed and occupied buildings, Course of Construction Insurance covers your project from the first day of construction until completion.
This policy protects the financial interest of:
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🏠 Property owners & landlords
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🏗️ Developers & investors
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👷 General contractors
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🏦 Lenders & banks
Coverage typically ends when the project is completed and a permanent property insurance policy takes over.
🛡️ What Does Builder’s Risk Insurance Cover?
Most Builder’s Risk policies are written on an “all-risk” basis, meaning they cover everything except what is specifically excluded.
🔹 Core Coverages Include:
🏗️ The Building & Foundation
Covers the structure as it is being built — framing, roofing, electrical, plumbing, and completed portions of the project.
📦 Construction Materials & Supplies
Protects materials stored:
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On the job site
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In temporary off-site storage
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In transit to the project
Examples:
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Lumber
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Copper wiring
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HVAC units
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Windows & fixtures
🔥 Fire & Smoke Damage
Construction sites are especially vulnerable to fire due to exposed wiring, equipment, and unfinished structures.
🚨 Theft & Vandalism
One of the most common construction losses, especially in Los Angeles, West Hollywood, and Santa Monica.
🌬️ Wind, Storm & Weather Damage
Includes damage from wind, hail, rain, and storms common in coastal and hillside areas like Malibu.
🚗 Vehicle & Aircraft Impact
Covers accidental damage from vehicles or equipment colliding with the structure.
⚠️ Common Builder’s Risk Exclusions (Important!)
Understanding exclusions is critical to proper protection.
Standard Builder’s Risk policies do NOT cover:
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🌊 Flood damage (must be added separately)
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🌎 Earthquake damage (must be endorsed)
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❌ Faulty design or workmanship
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❌ Wear and tear
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❌ Employee theft
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❌ Job-site liability (covered by General Liability insurance)
👉 This is where expert policy design matters.
➕ Essential Builder’s Risk Endorsements You SHOULD Add
At Sun Insurance and Financial, we customize every Builder’s Risk policy to close dangerous coverage gaps.
🧾 Soft Costs Coverage (Highly Recommended)
Covers financial losses caused by project delays after a covered claim:
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Additional loan interest
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Extended permits
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Architectural & legal fees
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Property taxes
🌊 Flood & 🌎 Earthquake Coverage
Often required by lenders in California, especially in coastal and hillside zones.
🚚 Transit & Off-Site Storage Coverage
Protects materials while being transported or stored away from the job site.
🧹 Debris Removal
Covers the cost of clearing debris after a fire or major loss.
🏗️ Temporary Structures
Includes scaffolding, forms, fencing, and job trailers.
👨👩👧👦 Who Needs Builder’s Risk Insurance?
Builder’s Risk Insurance is essential for:
✔ Property owners & landlords
✔ Real estate developers
✔ Medical & dental office owners
✔ Apartment building owners
✔ Investors renovating properties
✔ Commercial property owners
If money is invested in the project, Builder’s Risk insurance is not optional — it’s essential.
🏠 Builder’s Risk vs Homeowners Insurance (Big Difference!)
A standard homeowners policy does NOT cover:
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Theft of materials
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Damage to unfinished structures
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Construction-related risks
Builder’s Risk insurance fills this critical gap, protecting your investment until the building is complete and occupied.
💰 How Much Does Builder’s Risk Insurance Cost?
The cost is usually a small percentage of the total construction value and depends on:
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Project value 💲
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Location (Malibu hillsides vs Beverly Hills flats)
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Construction type
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Duration of project
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Materials used
📌 Compared to potential losses, Builder’s Risk insurance is extremely cost-effective.
📍 Builder’s Risk Insurance in Los Angeles & Coastal Cities
We proudly serve:
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Los Angeles
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Beverly Hills
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Santa Monica
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West Hollywood
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Malibu
Each area has unique risks:
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Theft & vandalism (urban zones)
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Fire exposure (hillsides)
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Coastal weather & wind
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High replacement costs
👉 Local expertise matters.
⭐ Why Choose Sun Insurance and Financial?
✔ Local Southern California specialists
✔ Experience with high-value construction projects
✔ Trusted by doctors, dentists, landlords & investors
✔ Access to top carriers:
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Travelers Insurance
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The Hartford Insurance
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Lloyd’s of London
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Foremost Insurance
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Hiscox Insurance
✔ Personalized policy design — not call centers
📞 Get a Free Builder’s Risk Insurance Quote Today
Protect your construction investment before something happens.
🔹 Sun Insurance and Financial
📍 Serving Los Angeles & Coastal California
🌐 https://SunInsurance.us/builders-risk-insurance/
📞 (310) 860-5000
🔗 Related Insurance Solutions
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Apartment Building Insurance
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Commercial Property Insurance
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California FAIR Plan Insurance
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DIC / Wrap Insurance
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AARP Insurance Solutions
Sun Insurance and Financial https://SunInsurance.us
Travelers Insurance
The Hartford Insurance
California Fair Plan Insurance
Hiscox Insurance