Description
Victor offers a state-of-the-art builders risk solution.
Using V², insurance agents and brokers can quote, bind and issue a Builders Risk policy in minutes.
Program Highlights:
- Available nationwide (excluding AK and HI)
- Minimum premium: $400
- Admitted with A++ rated carrier
- Billing options: Broker bill or direct bill
Limits:
- $8M limit for frame and joisted masonry construction
- $15M limit for non-combustible, masonry non-combustible, and fire resistive construction
Target Markets:
- Residential construction
- Commercial construction (office buildings, warehouses, municipal buildings, restaurants, shopping center complexes, and more)
- Residential and commercial remodeling
- Installation floaters.
Coverage includes:
- Collapse
- Scaffolding, Construction forms and temporary structures
- Debris removal
- Discharge from sewer, drain or sump
- Fire Department service charge
- Valuable papers and records
- Pollutant clean up and removal
- Ordinance of law – direct damage
- Preservation of property
- Reward payments
- Property at a temporary storage location
- Property in transit
- Expediting expense
- Limited coverage for ‘fungi’, wet rot and dry rot
- Soft costs
- Green building recertification
- Contract penalties
- Claim preparation expense
- Blueprint and construction documents
- Fraud and deceit
Coverages Offered
Package (All Lines Of Coverage)
Availability
Applications and Informational PDFs
Request A Quote
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ProgramBusiness is 100% free for agents and agencies.
Registered users can submit ACORDs, loss runs, etc to quickly receive quotes from multiple markets or the market of your choice.