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Allstar Financial Group
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Allstar Financial Group
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Buildings with Renovations Insurance

Buildings with Renovations Insurance

Allstar Financial Group offers customized insurance solutions for buildings undergoing renovations through its specialized underwriting division, Allstar Underwriters. This program is designed to address the unique risks associated with properties under construction or renovation, providing agents and brokers with flexible options to protect their commercial clients during transitional phases of property improvement.

Ideal Accounts and Appetite

This program is built for properties that are either currently being renovated or are scheduled for upgrades. Acceptable risk types include:
  • Contractors
  • Habitational properties (apartments, condos)
  • Office buildings
  • Vacant properties
  • Retail and wholesale spaces
  • Institutional properties
Whether your client owns a vacant building awaiting renovation or a mixed-use structure undergoing upgrades while partially occupied, Allstar can help you find the right coverage structure to match the risk profile.

Coverage Highlights and Advantages

Property Coverage
  • Total Insured Value (TIV) up to $5 million per location
  • Available as monoline or package policies
  • No coinsurance options (may vary by risk)
  • Optional enhancements for broader protection
  • Equipment breakdown coverage available
Casualty Coverage
  • Monoline or package availability
  • Minimum premiums starting at $500
  • Primary limits up to $5 million per occurrence/aggregate
  • Project-specific policies available
  • Options for accounts with uninsured subcontractors
Optional General Liability Enhancements:
  • Blanket Additional Insured
  • Waiver of Subrogation
  • Primary and Non-Contributory endorsement
  • Per Project/Per Location Aggregate
  • Hired & Non-Owned Auto (certain classes)
  • Miscellaneous Professional Liability (certain classes)
Umbrella Coverage
  • Limits up to $5 million
  • Minimum premiums starting at $750
  • Both supported and unsupported umbrellas available

Underwriting Notes and Minimum Premiums

The program is underwritten by multiple carriers rated A-VI or better by AM Best for Auto and General Liability, and B++ or better for Employers Liability. Underlying General Liability limits of $1 million/$2 million/$2 million are required. Minimum premiums vary by risk type, but start as low as $500 for casualty and $750 for umbrella coverage.

Territories and Availability

Allstar’s Buildings with Renovations Insurance program is available in most states, with a strong focus on the Southeastern U.S., including:
  • Alabama
  • Georgia
  • Louisiana
  • Mississippi
  • North Carolina
  • South Carolina
  • Tennessee
  • Virginia

Why Work With Allstar Financial Group?

As a Managing General Underwriter and Excess & Surplus Lines Broker, Allstar brings decades of underwriting expertise and market access to agents and brokers. Their small business solutions team streamlines the quoting and binding process, making it easier for you to place complex renovation risks quickly and efficiently. Whether you're working with a contractor renovating a retail plaza or a property owner updating a vacant apartment building, Allstar provides flexible, competitive solutions backed by knowledgeable underwriters.

Frequently Asked Questions

What types of accounts are a good fit for this program?

This program is ideal for buildings under renovation, including vacant properties, habitational units, retail, wholesale, and institutional buildings. Contractors and property owners involved in upgrade projects are strong fits.

Can I submit risks with uninsured subcontractors?

Yes, the casualty coverage includes options for accounts that use uninsured subcontractors, although additional underwriting may apply.

Is this program available for monoline coverage?

Yes, both property and casualty coverages are available on a monoline or package basis, giving you flexibility based on your client's needs.

What is the minimum premium for this program?

Minimum premiums start at $500 for casualty and $750 for umbrella coverage, though final pricing depends on the risk profile and coverage selected.

Which states is this program available in?

This program is available in most states, with a focus on AL, GA, LA, MS, NC, SC, TN, and VA.

Need help placing an account? Connect with a market specialist.

U.S. States Available

  • U.S. States Available:
  • Provider Type:
    Managing General Underwriter and Excess & Surplus Lines Broker
  • Admitted:
    Most Available States
  • Carriers:
  • Carrier Ratings:
    A
  • Commission:
    -
  • Min Premium:
    varies

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CONTACT INFORMATION

LOCATION

600 NC Hwy. 42 West
Clayton, NC 27520
877-950-3222
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Allstar Financial Group has other insurance programs like Apartment/Condo Insurance.