Builders risk insurance is ticking me off

[Chris Adams]

After taking a few years off from new construction ( our market just died during the crash) Im back up and doing well. One of the many things that seems to have changes is how Builders risk policies are being handled.

I recently set up my BR policy and found out they are billing me for a total of my estimated construction for the year. WHAT ? Needless to say I kind of blew a gasket. I am used to doing a monthly report where I list my projects under construction and then calculate my premium.

My agent says they no longer do it this way. Have you folks found this to be true?