Building your dream home is an exciting journey. While you’re busy choosing paint colors and wood finishes, our New Residential Under Construction Insurance protects your project from foundation to framing.

Home Construction Insurance Policy secures your building materials and provides crucial liability coverage against on-site accidents, giving you the peace of mind to focus on creating the perfect home for your family.

How Much Is Builders Risk Insurance For Homeowners?

The cost of Builder’s Risk insurance is unique to your project, as every new home construction has a different risk profile. An expert OKFB agent will help you build a personalized policy by evaluating the key factors that determine your rate, including:

  • Total Project Cost: The full estimated value of your finished home.
  • Construction Type: Whether your home is wood-frame or brick, for example.
  • Project Location: Including proximity to fire departments and local risks.
  • Project Timeline: The duration of the construction period.

By analyzing these details, your agent ensures you get the right amount of coverage without overpaying, providing peace of mind from foundation to finish.

Builders Risk Insurance Coverage Options & Features

Dwelling Under Construction Insurance

Safeguard your primary investment from day one. This essential coverage protects your home’s structure as it’s being built and covers your building materials on-site against risks like fire, vandalism, or theft. It ensures your project can continue without costly setbacks from unforeseen events.

Other Structures Under Construction

If you are building additional structures on your property that are not attached to the main dwelling, such as a detached garage, workshop, or guest house, this provides coverage for them while they are under construction. This coverage option does not cover your primary residence.

 

Payment Options & Features

Convenient Payment Options

We offer many ways to conveniently pay your new home under construction insurance premiums. Choose from a full payment, quarterly payments or a monthly automatic draft from your bank account. Check with an OKFB agent to see which option may be best for you.

Do you need to change your premium payment preferences?

Don’t fret! We understand life happens. That’s why we allow our policyholders to easily update their payment preferences. Contact your OKFB agent to make a change.