Builders Risk Insurance and Security Measures.

[Troy S. Smith]

I am in the process of buying a four family unit in the 3800 block of Nebraska in the Dutchtown neighborhood on the south side of St. Louis city in Missouri. 

The unit is in Housing Conservation District Number 17

The property has been looted and visited by unwelcomed visitors, encroachers and trespassers.

I want to re-develop this four family unit into two fine town homes.

What should be included in a buildrs risk policy and what company should I get the policy from?

What security measures should I deploy during renovation upto listing and final closing sale?

[Derek Lacy]

AIG and Zurich are the only two actual builders risk policies I’ve ever seen for remodeling. You will hear Foremost or NREIG but neither are a builders risk as they do not cover theft nor materials on property that are not attached.

Proper security measures, whatever the builders risk insurer requires. At minimum, all means of ingress/egress secured.