When it comes to real estate investing or construction projects, there are a lot of things that can go wrong. From unexpected weather damage to theft, it’s important to protect yourself and your investment by purchasing builders risk insurance.

Builders risk insurance, also known as “course of construction” insurance, is a type of insurance that covers any damage or loss that occurs during the construction process. This includes coverage for damages caused by fire, storms, vandalism, and theft. It also covers materials, equipment and other property on the construction site.

For real estate investors and flippers, builders risk insurance is a must-have. No matter if you’re renovating a property or building from scratch, this insurance can help cover the costs of any damages or losses that occur during the construction process. This can help ensure that you’re able to complete your project and make a profit, even if something goes wrong.

For construction contractors, builders risk insurance is also a big deal. As a contractor, you’re responsible for the work being done on a construction site. If something goes wrong, you could be held liable for any damages or losses. Builders risk insurance can help protect you and your business from financial losses in the event of a claim.

When purchasing builders risk insurance, it’s important to work with an insurance agent who can help you understand the coverage options and choose a policy that meets your specific needs. Make sure to review the policy carefully and ensure that it covers all the potential risks that may be associated with your project.

So, bottom line is, builders risk insurance is a smart move for both real estate investors and flippers, as well as construction contractors. It can help protect your investment and ensure that you’re able to complete your project, even if something goes wrong. Make sure to work with an experienced insurance agent to understand the coverage options and choose a policy that meets your needs.