Builder’s Risk Insurance for Homeowners in North Carolina

Building or Renovating? You May Need Builder’s Risk Insurance

If you’re constructing a new home or tackling a major renovation in North Carolina, your standard homeowners policy likely won’t cover damage that happens during the build. That’s where builder’s risk insurance comes in—it’s designed to protect your home while it’s under construction.

Whether you’re building a coastal home in Wilmington, remodeling a historic property in New Bern, or constructing a modern residence in Charlotte, builder’s risk coverage can help protect your investment before move-in day.
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What Is Builder’s Risk Insurance?

Builder’s risk insurance is a specialized type of property insurance that covers a home under construction or renovation. It protects against loss or damage to the structure, materials, and sometimes even temporary structures like scaffolding.
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What Builder’s Risk Insurance Covers

Coverage varies by policy, but most builder’s risk plans include protection for:

• Damage from fire, wind, theft, and vandalism during the build.
• Building materials stored on-site or in transit to the property.
• Temporary structures like scaffolding and fencing.
• Labor costs for repairing covered damage.

What’s Not Covered

Builder’s risk insurance typically won’t cover:

• Earthquake or flood damage (requires separate coverage).
• Normal wear and tear or workmanship defects.
• Tools and equipment owned by contractors.
• Liability for injuries (covered under general liability, not builder’s risk).
  
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Do Homeowners Need Builder’s Risk Insurance?

If you’re building a custom home or making major structural changes, your lender or contractor may require you to carry builder’s risk coverage until the project is completed. Even if it’s not required, it’s a smart move—especially in storm-prone parts of North Carolina where materials and unfinished structures are more vulnerable to weather damage.

Once your project is complete and you’ve moved in, builder’s risk coverage ends, and you’ll switch to a standard homeowners policy.
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Why Work with Sizemore Insurance

At Sizemore Insurance, we:

• Help homeowners and contractors understand exactly what’s covered.
• Shop multiple top-rated carriers for the right price and coverage.
• Ensure your builder’s risk policy transitions smoothly to a homeowners policy when construction is done.
• Offer local expertise—we understand the unique construction risks in coastal, urban, and rural North Carolina.

Protect Your Investment From Day One

Don’t leave your build exposed to risks. Our advisors will make sure your project has the right coverage from groundbreaking to move-in.

Start your builder’s risk quote or call (910) 791-1011 to speak with a Sizemore Insurance advisor today.

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