Builder’s Risk Insurance in Baltimore City: Essential Coverage for Homeowners, Contractors & Real Estate Investors
If you’re building, renovating, or flipping a home in Baltimore, don’t overlook the importance of builder’s risk insurance. Unlike standard homeowners insurance, this specialized policy protects properties under construction or renovation—making it a must-have for residential projects, especially 1–4 unit homes and rowhouses.
What Is Builder’s Risk Insurance?
Builder’s risk insurance (also called course of construction insurance) is a short-term property insurance policy that protects a home during building or remodeling. It covers construction-related risks not included in standard homeowners insurance, such as:
- Theft of building materials, copper, or tools
- Vandalism at the construction site
- Fire, accidental damage, or explosions
- Storm damage, wind, or water infiltration
This coverage is especially important in Baltimore’s urban neighborhoods with older housing stock.
Why Baltimore Homeowners & Investors Need Builder’s Risk Insurance
1. Protects Against Common Construction Risks
Baltimore City construction projects face unique threats including:
- Theft of copper wiring, lumber, and tools
- Vandalism, which has been rising in some areas
- Fire or accidental damage during renovations
- Weather-related damage like storms or flooding
2. Required by Most Maryland Lenders
If you plan to finance your build or renovation with a loan, most Maryland banks require builder’s risk insurance before issuing construction or rehab loans.
3. Covers New Builds, Renovations & Flips
This policy is perfect for:
- New home construction
- Major remodels like kitchens, basements, or full gut rehabs
- Small multi-unit projects (up to 4 units), common in Baltimore’s rowhome market
4. Provides Peace of Mind for Homeowners & Real Estate Investors
Whether you’re renovating your Canton rowhome or flipping a duplex in Hampden, builder’s risk insurance keeps your project protected and your investment secure.
Why It’s Especially Important in Baltimore
- Job site theft of copper, lumber, and tools is common
- Older homes present more renovation risks
- The competitive flipping market increases exposure to delays and financial losses
Bottom Line: Protect Your Baltimore City Property Project
For homeowners, small landlords, and real estate investors, builder’s risk insurance is a must-have in Baltimore City. It safeguards your project against theft, weather, and fire, helping your build or renovation stay on track.
Ready to Get Started?
Before you begin your Baltimore construction or renovation project, contact a Intrepid Insurance Group to get a builder’s risk insurance quote tailored for your 1–4 unit residential property.
Protect your investment. Build with confidence.
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