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Get a starting cost range for covering your Michigan construction project — new builds, additions, and major renovations — in about two minutes. When you're ready, a local Top O' Michigan agent lines up coverage that matches your contract and your timeline.
A few quick questions about what you're building, where, and on what timeline. You'll see a starting range for covering the structure and materials while the work is underway.
Estimates are a starting range for orientation only — not a quote or an offer of coverage. Final pricing is subject to carrier underwriting, and coverage is not bound or altered until confirmed by an authorized representative.
The estimate above is a starting range. Builders risk pricing follows the project itself — here's what underwriters look at.
Policies are rated on the completed value of the structure — materials, labor, and overhead. Bigger builds mean more value at risk.
Wood frame, masonry, and fire-resistive construction carry very different fire risk — and very different rates.
Builders risk is written for the term of the project. Longer timelines — and extensions when work runs over — add premium.
Distance to the nearest fire department and hydrant matters, and so do Michigan winters. Remote and shoreline sites can rate higher.
Theft of materials and copper is a leading builders risk claim. Fencing, lighting, cameras, and locked storage all help your rate.
Materials in transit or stored off-site, soft costs after a covered loss, and equipment rentals can be added — each affects price.
It covers a structure while it's under construction — along with materials on site, in transit, or in temporary storage — against losses like fire, theft, vandalism, and wind. Coverage typically runs from groundbreaking until the project is complete and occupied.
It's a starting range based on projects of similar size and type — useful for budgeting a bid, not a quote. Actual pricing depends on your project's specifics and carrier underwriting. Coverage is not bound or altered until confirmed by an authorized representative.
Either can. The construction contract usually spells out who's responsible for insuring the work. A local agent can read your contract language with you and make sure the right party — and the right interests — are named on the policy.
Before materials arrive on site. Lumber drops, staged equipment, and early site work are all exposed before the first wall goes up — waiting to bind coverage until "real construction" starts is one of the most common gaps we see.
Builders risk ends at completion or occupancy, and permanent coverage — homeowners for a new home, commercial property for a business — takes over. A local agent can line up the handoff so there's no gap between the two.
Get builders risk lined up before materials hit the site. Talk with a local Michigan agent about your project today.
