Policies may be written for one year (or less), and extended coverage is available subject to additional underwriting review.

The rating information needed to develop a price indication is as follows:

• Project type:
  •  New Construction
  •  Remodeling/Renovation with No Existing Structure coverage
  •  Remodeling/Renovation with Existing Structure coverage
• Must be a residential or commercial structure
• The state and zip code that the project is in
• The Protection class where the project is to be located
• The construction type of the project, for example:
  • wood frame
  • joisted masonry
  • non-combustible or better
  • fire resistant
  • log home or manufactured home
• The value of the new construction or remodeling/renovation, and (if the Applicant wants the coverage) the value of the existing structure
• Also needed when renovation: Will the structure be occupied during remodeling, and are load-bearing members of the existing structure being modified, removed, or added? Renovation/Remodel values and existing structure values are covered at actual cash value.

Risks Needing Referral to Company

• Risks with unique building methods or materials (i.e., fabric structures, earthen materials, etc.)
• Coverage for a project where construction has started more than 60 days before our inception date
• Renovation risks when the existing structure is to be covered, and the existing building values are more than twice the new work values
• Mobile home assembly/construction
• Construction terms of greater than 12 months
• Earth Movement or Flood Coverage; contact your Underwriter 877.649.6682
• Buildings undergoing repair or replacement due to prior damage on the same construction site
• Any Insured who has filed for bankruptcy in the last 10 years; contact your Underwriter at 877.649.6682
• Any Insured who has been canceled or non-renewed by any previous insurance carrier for underwriting or premium payment reasons

Risk Cancelled or Non-renewed by Company

Please refer any risk that has been canceled or non-renewed to BTIS before submission. We ask that you please provide complete information regarding the reason for cancellation or non-renewal and the conditions or preventive steps taken by the Applicant (cancellations are prorated with no minimum earned).

• Risks with more than 3 builders' risk claims in the past 3 years
• Risks with a loss ratio of more than 50% in the past 3 years
• Risks where the project’s builder/contractor has been in business as a home builder or re-modeler for less than 2 years or the proposed builder/contractor has less than 2 years of experience as a construction manager or supervisor
• Risks where the remodeling is being done as a result of prior property damage (i.e., flood, earth movement, fire,wildfire or water damage); contact your Underwriter 877.649.6682
• Risks with a current active brush or wild fire within 50 miles of the construction site; contact your Underwriter at 877.649.6682