© 2018 Lindenwood Insurance Agency
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Lindenwood Agency Commercial Personal Insurance St. Charles St. Peters Missouri

1112A First Capitol Drive

St Charles, MO 63301

(636) 946-6133

Serving the commercial and personal insurance needs of St. Charles, St. Peters, O'Fallon and St. Louis for over 50 years!

  • Best Insurance Agent St. Charles

Builder's Risk Insurance

We specialize in providing comprehensive business & personal insurance plans with competitive pricing to St. Charles, St. Peters, O'Fallon, St. Louis, and surrounding areas. We are fully licensed and accredited and work with all major insurance companies to get you the best rates possible. Send us a message or give us a call, we can handle all of your insurance needs!

Builder's Risk Policy

A Builder’s Risk policy is an insurance product that protects commercial and residential structures while they are being renovated or built. Builders risk policies are designed to protect home builders, property flippers, and construction companies.

Important features

Building coverage: A Builder’s Risk policy covers the structure in the course of a renovation or rehabilitation project. It can also cover a brand new building under the course of new construction.

Building Materials:  Another important facet to this policy is the coverage for fixtures, materials or any equipment that is being installed during the renovation or new construction. These items would be covered in the event you suffered a physical loss.

Soft Costs Coverage: Builder’s Risk policies can also include coverage for soft costs. Soft costs are generally expenses that aren’t direct construction costs. These types of costs are for things like permits, architectural designs and legal fees. Certain companies will include these types of costs into a policy.

Types of policies (one shot versus reporting form)

  • One shot policies are completed value policy forms that are written on a one-time basis. These policies can have different time frames as well. Generally, these policies can be written in 6-months, 9-months, or 1-year increments. These policies are great if you are just building or renovation a few structures every year.

  • Reporting form policies are designed for construction companies that are typically working on more than ten projects per year. These policies are perfect for large construction companies and home builders.

 

Who Should Carry the Policy?

Generally, either the property owner or the contractor can take out coverage for the builder's risk policy. In most instances, it is highly recommended that the property owner take out the coverage in case there is an issue with the builder. Regardless of who takes out the coverage, all parties should be listed on the policy.

Schedule a consultation with Lindenwood Agency in St. Charles

Lindenwood Agency specializes in providing comprehensive business & personal insurance plans with competitive pricing to St. Charles, St. Peters, O'Fallon, St. Louis, and surrounding areas. We are fully licensed and accredited and work with all major insurance companies to get you the best rates possible. Once we understand your insurance needs we will use every resource to secure the proper coverage at the most competitive prices available.

If you have any questions or want to set up an appointment, contact us or give us a call- 636-946-6133!

Types of Insurance We Offer

  • Business Owner's Insurance

  • Business Property Insurance

  • General Liability Insurance

  • Business Income Insurance

  • Workers Compensation Insurance

  • Commercial Umbrella Insurance

  • Commercial Building Insurance

  • Business Inland Marine Insurance

  • Business Personal Property Insurance

  • Business Surety & Fidelity Bonds

  • ...and more!

 

  • Homeowners Insurance

  • Auto/Car Insurance

  • Personal Umbrella Insurance

  • Renter's Insurance

  • Condo Insurance

  • Landlord Insurance

  • Personal Articles/Possessions

  • Personal Inland Marine Insurance

  • RV/Boat/Trailer Insurance

  • Flood Insurance

  • ...and more!

 

We've Served the commercial and personal insurance needs of St. Charles, St. Peters, O'Fallon and St. Louis for over 50 years!

WHAT OUR CLIENTS THINK

During my time as a client of The Lindenwood Agency I've been made to feel that I'm more than just a policy. They take the time to handle my problems with speed, accuracy, and heart. Each employee is knowledgeable and there to make sure that my life goes right in the face of whatever comes my way. At the end of the day I know I can count on The Lindenwood Agency to be there for me and ensure my life goes on without any complication, while they pick up the pieces and put it back together better than before!
Christopher, St. Louis, MO

The Lindenwood Agency has done a wonderful job providing our family with peace of mind in their handling of our insurance needs over the years. Back when we were new clients, I totaled my car three days before our wedding and was dreading dealing with the claim in addition to pulling everything together for the wedding. Ryan told me not to worry and to focus on getting married, and he handled everything related to the claim. Additionally, Ryan annually checks our current rate against the rates of other providers to make sure that we are getting the best deal possible while still making sure that we are adequately protected. You couldn’t ask for better customer service.

Daniel, St. Charles, MO