Ask Your Peers builders risk for a demolition project (Closed)

Sussann Lovett, Morgan Trevathan and Gunn Inc - Benton, KY 42025

Reputation: 213 - Total posts: 18

We have an insured in Alabama that has been awarded a demolition project. The project owner is requiring a builders risk policy, even though it is demolition work only.

Does anyone know of a market for this? buildersrisk.com has declined. I have one offer, for $2,500 in premium for a $18,500 project.

Thank you,
Sussann

10 year(s) 2 month(s) ago

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Chautauqua Wesley, Insurance Solutions - Roanoke, VA 24019

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Z programs. Zurich

10 year(s) 2 month(s) ago

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Genny Dill, Moran Insurance Group LLC - Baltimore, MD 21202

Reputation: 110 - Total posts: 19

I'd be interested in finding out how this works. It seems to me that a Builders Risk policy would be negated by the demolition work. Very curious as to the type of claim scenario that would be covered.

10 year(s) 2 month(s) ago

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Sussann Lovett, Morgan Trevathan and Gunn Inc - Benton, KY 42025

Reputation: 213 - Total posts: 18

My argument exactly! The government is involved and will not waive it.

10 year(s) 2 month(s) ago

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