Ask Your Peers Need Builders Risk Market

Linda Lyons, Math Insurance Service - Asheville, NC 28801

Reputation: 50 - Total posts: 6

I have a client that has purchased a Caboose who will be renovating it into an Airbnb. The carrier that will write the permanent coverage on it once it's an Airbnb, is requiring the Caboose to have a builders risk during renovation, otherwise, they won't insure it. I have contacted the following MGA's and all of them stated they have no market for a builders risk (Burns & Wilcox, Tapco, CRC and Jackson Sumner & Assocs.). The Caboose will be located in North Carolina. Any suggestions?

5 year(s) ago

1 Verified Reviews - 5 of 5.0

1 Verified Reviews - 1 of 5.0

Jaspreet Kaur, NY Prompt Insurance Services Inc - Hicksville, NY 11801

Reputation: 51 - Total posts: 7

HI,
You can try US Assure they do anything and everything in Builders Risk.

5 year(s) ago

1 Verified Reviews - 5 of 5.0

0 Verified Reviews - 0 of 5.0

Andrea Christensen, Allstar West Insurance Services LLC - Fallon, CA 94952

Reputation: 10 - Total posts: 2

Check US Risk as well

5 year(s) ago

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0 Verified Reviews - 0 of 5.0

maria aguirre, Nation Wide Contractors Alliance - Lacey, WA 98503

Reputation: 21 - Total posts: 2

Hi Linda,

I should be able to get that covered for you through one of my BR markets pretty easily. I did the exact same thing a couple of years ago for a guy who was converting a caboose into a guest house in Northern CA. Give me a call at 360-464-2531 or send me a submission at [email protected].

Best,
Randy Roedell
Lead Broker
Exponent Marketing, LLC DBA Wise Insure
https://nwcalliance.com/

5 year(s) ago

1 Verified Reviews - 5 of 5.0

0 Verified Reviews - 0 of 5.0

Lynne Pierce, The Insurance Center Agency Inc - Norman, OK 73069

Reputation: 12 - Total posts: 2

My go to for Builder's Risk is usually Liberty Mutual. Not sure about a caboose but they are worth a try.

5 year(s) ago

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