Commercial Property · Calculator, Comparison & Guide

Vacant Property & Builders Risk Insurance: Calculator, Comparison Table & Guide

Course-of-construction and vacant building coverage. Rated on completed value and project duration.

Prong 1 · Interactive Calculator

Builders Risk & Vacant Property Estimator

Course-of-construction and vacant building coverage. Rated on completed value and project duration.

Results
LineEstimate
Term factor (years) —
Base builders risk / vacant premium —
Soft costs / delay in completion —
Estimated project premium (whole term) —
Per month —
Typical theft deductibleCopper and appliance theft is the leading builders risk claim; expect a separate, higher theft deductible. —

Illustrative math only. Rate ranges are planning bands, not quotes. Your policy wording, carrier appetite, loss history, and state decide the real number. This tool stores nothing and sends nothing.

Get the real number — Start Smart Intake

Prong 2 · Comparison Table

Builders Risk & Vacant Options

Monthly-reporting vs. single project vs. vacant.

CriterionReporting Form (Builder Program)Single-Project PolicyVacant Building Policy
TriggerMonthly reports of startsNamed projectNamed building
Soft costs / delayOptionalIncludedN/A
Existing structure (renovation)ExcludedOptionalN/A
Theft of materialsSublimitedIncludedExcluded (vandalism, theft)
Occupancy allowedExcludedPartial with permitExcluded
TermContinuousProject + extensions3–12 months renewable
Best fitBuilders with 5+ starts/yrOwners, one-off projectsOwners between tenants / pre-construction
Included
covered in base form
Excluded
not available
Optional
available by endorsement
Limited
sublimited or conditional

Prong 3 · Deep-Dive Guide

Builders Risk & Vacant Property: Insuring What Isn't Finished or Occupied

Who buys it, what value to insure, and why the standard property form abandons you when the building is empty.

Builders risk basics

Covers the structure, materials on site, in transit, and at temporary storage during construction.

  • Insure to completed value including the foundation and site work
  • Named insureds: owner, GC, and subs as their interests appear
  • Term must outlast the schedule — extensions are cheap before expiry, expensive after

Soft costs and delay

For financed projects, a fire doesn't just cost rebuild — it costs interest, re-leasing, and lost rent.

  • Soft costs: loan interest, real estate taxes, architect re-fees
  • Delay in completion: lost income for the delay period

Vacant property

Standard forms restrict coverage after 60 days vacant. A vacant-building policy is the right tool for the gap.

  • Named-peril form, usually excludes vandalism/theft/water
  • Inspections and secured perimeter required
  • Transition to builders risk on permit, to standard property on CO

Frequently Asked Questions

Does builders risk cover the contractor's tools?

No. Tools and equipment are the contractor's inland marine.

What about the existing building during a renovation?

Either scheduled on the builders risk (with an existing-structure endorsement) or kept on the property policy with a renovation endorsement — not both, and not neither.

Who should buy builders risk — owner or GC?

The contract decides. Owner-purchased protects the owner's soft costs; GC-purchased fits builder reporting programs.

Related: builders risk Texas · vacant building insurance · course of construction · renovation insurance

Turn the estimate into a quote

The Smart Intake takes about two minutes. A licensed advisor reviews your vacant property & builders risk exposure against 30+ Texas and Florida markets. Nothing from the calculator above is stored or sent.

Start Smart Intake

Or call (281) 671-0069

All numeric rates are 2026 Texas/Florida planning bands compiled by the agency for illustration; they are not filed rates and must be reviewed by a licensed agent before publication. Coverage descriptions are summaries only and are subject to the terms, conditions, and exclusions of the actual policy. Submitting a request does not bind coverage.