Why You Need Residential Construction Insurance
Building a new home—or completing major renovations—comes with risks. From weather damage to theft of materials, unexpected events can derail your timeline and add major costs. Residential construction insurance, also called builder’s risk insurance, is designed to protect your property, materials, and investment while your home is under construction.
What Residential Construction Insurance Covers
A well-structured policy can protect against:
- Fire, Wind, and Hail Damage – Common weather threats in North Carolina.
- Theft or Vandalism – Coverage for stolen building materials or tools.
- Water Damage – From sudden events like burst pipes (flood coverage requires a separate policy).
- Damage to Materials in Transit or Storage – Whether stored on-site or off-site.
Key Considerations for North Carolina Home Builds
- Coastal vs. Inland Risks – Homes near the coast may require separate windstorm or flood policies.
- Policy Duration – Coverage typically lasts 6–12 months but can be extended if the project is delayed.
- Who Needs the Policy – Usually purchased by the property owner, builder, or general contractor.
What’s Not Covered
- Workmanship Errors – Mistakes in construction aren’t covered.
- Normal Wear and Tear – Only sudden, unexpected events are insured.
- Employee Injuries – Requires separate workers’ compensation coverage.
Sizemore Insurance Makes It Simple
We work with top carriers that specialize in residential construction coverage. Our advisors will:
- Evaluate your project’s risks and coverage needs
- Compare policies from multiple carriers
- Explain coverage terms, deductibles, and exclusions in plain language
- Help coordinate any additional policies, like flood or windstorm coverage
Protect Your Build Before It Starts
Don’t leave your new home project vulnerable. Start your residential construction insurance quote online or call (910) 791-1011 to connect with a Sizemore Insurance advisor today.