Homebuilders Builders' Risk

Homebuilders Builders' Risk, from CIGNA Property & Casualty's Inland Marine Unit, is a specialized product specifically designed for residential homebuilders' exposure.

The policy is part of the Xtra series product line and offers expanded coverage tailored to the homebuilders' risk. It avoids potential coverage gaps, such as freestanding appliances, homes pending sale, model homes and sales offices, and site improvements. Coinsurance is not required and reporting provisions are specifically designed for homebuilders.

Examples of the enhanced coverage the policy offers include increased construction costs coverage due to law or ordinance with a limit of $10,000 and office and construction trailers coverage with a limit of $10,000. According to the company, these limits can be increased to meet the specific requirements of the insured and producer.

For more information, contact your local CIGNA inland marine specialist.