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Filling out the Builders Risk Quote Sheet is an essential step in obtaining the right insurance for your construction project. This guide provides clear and supportive instructions to help you complete each section accurately and efficiently.
Follow the steps to successfully complete the Builders Risk Quote Sheet
- Click ‘Get Form’ button to access the Builders Risk Quote Sheet and open it for editing.
- Fill out the Producer section by entering your name or the name of your agency, the current date, and the effective policy dates including the start and completion dates of the project.
- Indicate whether the project has started, and if so, provide the start date.
- Complete the Named Insured field with the legal name of the person or entity that will hold the insurance policy. Also, include the FEIN#, phone number, years of experience in construction, and the mailing address.
- Answer the question regarding membership in the Home Builders Association and specify the name of the association if applicable.
- Provide the completed value of the project, and indicate whether it is for residential or commercial occupancy.
- Fill in the property location with the complete address, including the city, state, ZIP code, and county.
- Specify the construction details such as the number of stories, protection class, square footage of the building, and distances to the nearest fire hydrant and fire department.
- Set the deductible amount based on the options provided (1000/2500/5000) and indicate whether the construction is a renovation or new build. If it is a renovation, include the year built of the original structure and the cost of renovations.
- Indicate if you wish to cover the original structure on a Builders Risk basis, noting that it will be on an Actual Cash Value (ACV) basis.
- Lastly, provide the contractor's name, address, license number, and the value of the original structure prior to renovations.
- Once all sections are completed, you can save changes, download the document, print it, or share it as needed.
Start filling out the Builders Risk Quote Sheet online to ensure comprehensive coverage for your construction project.
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In general, builders risk insurance cost is calculated based on five major factors: project type, location, construction type, optional coverage, and additional fees and taxes.
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