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  • Axiom Insurance Agency
  • Personal Insurance
    • Personal Auto Insurance
    • SR-22 & SR-22A Insurance
    • Homeowner's Insurance
    • Condo Insurance
    • Renter's Insurance
    • Mobile Home Insurance
    • Farm & Ranch Insurance
    • Vacant Property Insurance
    • Motorcycle Insurance
    • RV Insurance
    • Watercraft Insurance
    • Flood Insurance
    • Personal Liability Insurance
    • Life Insurance
    • ATV Insurance
    • Boat Insurance
  • Business Owner's Insurance
    • Commercial Property Insurance
    • Commercial Umbrella Insurance
    • General Liability Insurance
    • Builder's Risk Insurance
    • Landlord Insurance
    • Artisan Insurance
    • Barber Shop Insurance
    • Hair Salon Insurance
    • Restaurant Insurance
    • Special Event Insurance
    • Surety Bonds
    • Worker's Compensation Insurance
  • Commercial Vehicle Insurance
    • Dump Truck Insurance
    • Tractor Trailer Insurance
    • Motor Truck Cargo Insurance
    • Trailer Interchange Insurance
    • Tow Truck Insurance
    • Waste Haulers Insurance
    • Bobtail Insurance
  • Make Payment
  • Report Claim
  • Dealer Referral
  • Mortgage Lender
  • Realtor Referral
  • Driver's Education
  • Trucking Testimonials
  • Contact Us
South Georgia's Agency for Insurance

Low Cost Builders Risk Insurance in Hinesville and Kingsland

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​Understanding Builder's Risk Insurance
Builder’s Risk Insurance, also known in some areas as Course of Construction, is a unique kind of property insurance. It's a form of insurance, which covers a building where the building or insured area is presently being constructed. It can cover just the structure, or also the materials on site waiting to be installed or transported to the job site and is a type of insurance that most owners will ask every contractor to carry. 
The builder's risk insurance policy will pay for damages up to the coverage limit. The limit must accurately reflect the total completed value of the structure (all materials and labor costs, excluding land value). The construction budget is the best source for determining the appropriate limit of insurance. Builder’s Risk insurance policies can often be written in terms of three months, six months, or 12 months. If the project is not completed by the end of the initial policy term, it can often be extended, but usually only one time. 
The builder's risk policy will provide coverage for damage done to the insured structure from a wide variety of events. Damage from the following events will be covered by most policies: 
  • Fire
  • Wind (may be limited in coastal areas)
  • Theft
  • Lightning
  • Hail
  • Explosion
  • Vandalism
  • Vehicles/Aircraft
You should read your builder's risk insurance policy to be familiar with its limitations and exclusions. Limited coverage is provided for collapse among other situations. Standard exclusions include:
  • Earthquake
  • Employee theft
  • Water damage
  • Weather damage to property in the open
  • War
  • Government action
  • Contract penalty
  • Voluntary parting
  • Mechanical breakdown
An important exclusion which should be read in its entirety excludes coverage for damage resulting from faulty: design, planning, workmanship, and materials. These types of issues might be addressed by Professional liability rather than a Builder's risk. Earthquake and flood coverage may be purchased in some areas.
Important Notes
It is really important to highlight this additional information that you should know:
The insurance will not cover the property of others.
Sub-contractors are required to have their own insurance.
There is no coverage for tools or equipment.
No coverage for professional liability
It does not cover accidents at the job site.
Usually, coverage ends when the building is completed or occupied.
The premium for the annual policy is fully earned.
For specific terms, coverage, and exclusions, the original builder's risk insurance policy will determine the applicable coverage.

    Want a quick quote?
    Call (912) 876-8923 (Hinesville area)
    Call (912) 882-6003 (Kingsland area)
    ​or, if you wish, we'll contact you!

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​How Much Does a Policy Cost?
This policy will be in the range of one to four percent of the construction cost, but it will depend on the type of coverage and exclusions that the policy will have. The importance of having a solid insurance company is that they will expedite your claims and will help you solve any potential claims during the construction process. Some companies can cover the soft costs of the project, but you will need to ask the insurance company to include it in your coverage but be aware that this might increase the cost of your builder's risk.
The builder's risk insurance is part of your project's soft costs, and even though it will cost you some money, it is better to have it than not having it when is needed.
Do You Need an Extension?
Extensions of coverage may be provided for certain situations. The coverage for these may be limited. Common builder's risk insurance coverage extensions include: 
  • A coverage extension to protect your property from loss while being transported to the job site.
  • Coverage is extended to apply to scaffolding, construction firms, and temporary structures, but only while they are at a location, you have reported.
  • Property that will be used or installed in the secured location and pertaining to the insured company.
  • When the fire department is called to save or protect covered property from a covered cause of loss.
  • The builder's risk insurance policy will pay your expenses to remove debris of covered property. This debris must result from a loss that is covered under this form.
  • Water damage from the back-up of sewers and drains is usually covered.
  • Property in transit
  • Scaffolding
  • Property in temporary storage
  • Fire department service charge
  • Debris removal
  • Sewer and Drain Backup
  • Valuable papers (site plans, blueprints, etc.)
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​Whether you're in Hinesville, Richmond Hill, Savannah, Brunswick, Kingsland or St. Marys, we provide Georgia Insurance polices and more - we deliver them with personal service.
As an independent insurance agency, we can provide all types of insurance coverage from top carriers in the country.
​We are Southeast Georgia's premier independent insurance agency.

Call (912) 882-6003

Call (912) 876-8923

Axiom Insurance Agency specializes in Car Insurance, Auto Insurance, Home Insurance, Homeowners Insurance, in the following counties: Camden County, Glynn County, McIntosh County, Liberty County, Bryan County, Chatham County, Long County, Ware County and Wayne county.
Offices located in Hinesville, GA & Kingsland, GA