Estimate builders risk insurance premiums for construction projects based on project value and duration.
Annualized Premium
$1,100
Full-year rate
Premium for Project
$733
Scaled to project duration
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How builders risk premiums are calculated
Builders risk premiums are calculated as an annualized rate based on the total project value, then prorated to the actual project duration. Unoccupied construction sites pay a base rate of $2.20 per $1,000 of project value, while occupied sites pay $2.50 per $1,000 due to the increased risk of fire and damage from ongoing habitation. The final premium is the annualized rate multiplied by the number of months divided by 12.
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Results are estimates only and should not be considered professional insurance advice. Always consult a licensed insurance advisor before making coverage decisions.
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