Builders Risk Plan

Builders Risk Plan is the builders risk program of News Financial & Insurance Services, Inc., an independent agency trading as News Financial Group in Murrieta, California. Builders risk, also called construction insurance, covers an owner's or organisation's insurable interest in the materials, fixtures, and equipment to be installed during the construction or renovation of a building if those items are lost or damaged by a covered cause.

The agency writes residential and commercial new construction, commercial construction, and installation coverage, and says the cover is built for project types from custom builds to high-volume production construction. It works as an independent broker rather than for one carrier, and also places other commercial lines, employee benefits, and financial services, so a project policy can sit alongside an owner's other cover. An online store sells contractor surety bonds in $2,000 to $4,000 amounts on one- to four-year terms.

News Financial Group says it has served small businesses and individuals since 1998 and has more than 30 years in the insurance sector. It is licensed in California under license 0B89363, works from 33050 Antelope Road, Suite 208, Murrieta, California, on (951) 609-1500 from 8:00am to 5:00pm Pacific, and lists further contacts in Las Vegas, Nevada.

Builders risk is quoted per project and no premiums are published. Request a quote with the construction value, project type, and term, and confirm which carrier the policy would be written with, when cover attaches and ends, and whether the limit follows materials in transit and in storage as well as on site.