Course of Construction Insurance in Alaska
Found the perfect lot for your dream home, or remodeling to open up the floorplan? Either way, it's worth understanding Course of Construction insurance before you break ground. New builds and remodels carry real risk, from weather and theft to vandalism, and this coverage, often called Builder's Risk Insurance, protects the structure (and materials on site) while work is underway.
Policies typically run in three, six, or 12-month terms, with limited options to extend if the project runs long. Coverage limits are set based on the size, scope, and budget of the build.
Course of Construction coverages in Alaska:
- Fire
- Wind (depending on locale)
- Theft
- Lightning
- Hail
- Explosion
- Vandalism
- And More!
A few exclusions apply, such as damage from faulty design or materials, so check with your Alaska Service Agency agent to confirm your project qualifies. And while you're at it, ask about adding earthquake or flood coverage too.
