Ideal Accounts and Appetite
This program is ideal for residential construction and renovation projects, whether your client is a professional builder or a homeowner acting as the general contractor. We accommodate both ground-up new construction and remodels or renovations. Typical accounts include:
- Custom homebuilders constructing single-family homes
- Homeowners renovating their primary or secondary residences
- Real estate investors flipping or updating residential properties
Whether it’s a $250,000 new build or a $500,000 renovation, we offer solutions that can be tailored to meet the unique risk profile of each job site.
Coverage Highlights and Advantages
Our Residential Builders Risk Insurance program is built for flexibility and ease of use. Key features include:
- Short-term policies with extension options
- Coverage extensions beyond 12 months available
- Pro-rata policies for partial term needs
- Low minimum premiums—starting at $250 for new construction and $500 for renovations
- Builder or homeowner can be listed as Named Insured
- Monthly reporting with deposit premium available
- Instant quotes available via phone for quick turnaround
MPG issues all policies and endorsements directly in-house, ensuring fast, accurate service and clear communication throughout the policy lifecycle.
Underwriting Notes and Minimum Premiums
We work closely with our agent partners to assess each risk on its merits, offering flexible underwriting for complex or custom-built residential projects. Minimum premiums vary by project type and size, with starting points as low as $250. Our underwriters are accessible and empowered to make decisions quickly, helping you close business faster.
Territories and Availability
This program is available in all 50 states, plus Washington, D.C. We work with a variety of carriers to provide both admitted and non-admitted solutions, depending on the project location and specific risk characteristics.
Why Work With Maritime Program Group?
Maritime Program Group stands out for its hands-on underwriting approach, deep industry knowledge, and commitment to service. When you partner with MPG, you benefit from:
- Direct access to experienced, construction-savvy underwriters
- Fast quoting and policy issuance
- Flexible billing options—direct or agency
- Competitive commission schedules
- Access to industry-specific loss control tools
If you’re looking for a reliable market for residential builders risk coverage, Maritime Program Group offers the expertise, responsiveness, and tools to help you succeed.
Frequently Asked Questions
What types of accounts are a good fit for this program?
We target residential construction and renovation projects, including custom home builders, homeowner-managed builds, and investor renovations.
Can both builders and homeowners be listed as the Named Insured?
Yes, our program allows either the builder or the homeowner to be named as the insured, depending on the structure of the project.
Are short-term and extended policy terms available?
Yes, we offer short-term policies with options to extend beyond 12 months if needed.
Is this program available in all states?
Yes, we offer coverage in all 50 states and Washington, D.C.
How quickly can I get a quote?
Instant phone quotes are available for most risks, allowing for rapid turnaround and efficient placement.
Need help placing an account? Connect with a market specialist.