Are you looking for an insurance provider that can bring you real estate development insurance services in Kirkland? American Insure-All® has extensive experience providing contractors in real estate developers alike with the insurance options they need for their projects.
If you’re new to the real estate development game, here a few significant types of insurance that you should consider before beginning your next project:
Professional Liability Insurance for Real Estate Development
Real estate development projects can take months or even years for just planning alone. Several parties are involved in ensuring that these projects go from being ideas to being implemented in our communities. This type of liability insurance is unique compared to a commercial general liability insurance policy. This is because it insures against those services and transactions conducted explicitly by real estate developers.
This type of insurance is also known as an owner-controlled insurance policy or a controlled insurance policy. It is purchased by the owner or general contractor on behalf of all participants in development. This can include contractors, subcontractors, engineers, and even architects.
Course of Construction Policies
Also known as a builder’s risk policy, these insurance policies are designed to facilitate the fast resolution of property claims that occur on a construction project. The purpose of this is to minimize delays to keep everything on time for a given building project. These policies can ensure against damage to contractors’ work and property as well as accidental loss.
If you’re a developer looking for an experienced team that can help you secure real estate development insurance services in Kirkland, American Insure-All® is ready to help. For more information about our services or to get a quote for your policy needs, give our friendly agents to call today at (888) 411-AUTO.