Coverage comparison
Our Builders Risk Plan has coverages not generally available from an HO-3 or other companies. The chart below highlights many features of the leading Builders Risk Plan in the business.
 
Policy feature Zurich Builders Risk Plan, coverage form 40471 Homeowners policy Other carrier
Covered insureds General contractor, subcontractors, suppliers, owners Homeowners/mortgagees only General contractor, subcontractors, suppliers, homeowners/mortgagees
Limits of liability
Structure Estimated completed value, including overhead and profit Replacement cost of structureup to limit Estimated completed value
Temporary premises Up to $10,000 Limited Yes
In transit Up to $25,000 Limited Yes
Covered property
Residential Yes Yes Yes
Commercial Yes No Yes
Model homes Yes No No
Building materials Yes Limited Yes
Trees, shrubs, lawns Yes $5,000/item up to 5% of dwelling limit No
Property owned by subcontractors Yes No No
Covered property
Theft of building materials Yes Excluded Yes
Glass Yes Not on vacant structure after 60 days Yes
Vandalism Yes Not on vacant structure after 60 days Yes
Backup of sewers and drains $ 5,000 Excluded Yes
Valuable papers Up to $20,000 $1,500 (no business data) No
Debris removal Limit + up to $20,000 Limit ÷ 5% ($500 for any one tree, up to $1,000 total) 25% of amount payable
Fire department charge $10,000 $500 $1,000
Pollution cleanup Upto $15,000 Limited $10,000
Sinkhole collapse Yes Excluded No
Scaffolding re-erection $10,000 No No
Profit Yes No No
Overhead (soft costs) Yes No No
Loss Control and
Reward Programs
Rewards up to $ 10,000 No No