Builders Risk Insurance

[Mimi J.]

Does anyone have any recommendation for builders risk insurance.  I contacted one company and was quoted $6805 for 12 months.  I am new to this arena but this seems awfully high.  I have a home in DC I inherited and will renovate it and include a basement apartment.  Finding builders insurance is like looking for a needle in a haystack.

[Robert Williams]

Hi Mimi,

I've taken out builder's risk insurance policies with the following agent.  The quote you received is ridiculously high, in my opinion.  Six months of insurance on a standard DC rowhome generally runs me $600-$800.  

Ian Higgins, LUTCF| Managing Partner & Principal Agent| Licensed in MD, DC, VA, PACongressional Insurance Associates | 12505 Park Potomac Ave Suite 220 Potomac MD, 20854Cell: (240) 308-1380 | Business: (240) 912-4150 | Fax: (301) 540-0895Email: [email protected] | Website: www.InsureCongressional.com