7 Tips to Avoid Common Residential Builders Risk Claim Problems

US ASSURE | August 16, 2018

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You discussed builders risk with your contractor or property owner client. You walked them through the coverage options for their new home construction project and secured a policy. Then, disaster strikes on the job site and causes tremendous damage to the structure under construction. When they file a claim to their insurance carrier, they discover that the percent complete was incorrectly reported on their policy, so the claim was denied. And, it was simply due to an honest mistake made during policy issuance.

Spotlight

Allstate Benefits

Allstate Benefits, a leading voluntary benefits insurer, was founded in 1956 as American Heritage Life Insurance Company (American Heritage Life) in Jacksonville, Fla. It was acquired in 1999 by The Allstate Corporation (NYSE: ALL), the nations largest publicly held personal lines insurer known for its Youre In Good Hands With Allstate slogan. Allstate Benefits offers a portfolio of products that include universal life, term life, disability income, cancer, accident, heart and stroke, critical illness, hospital indemnity, vision and dental insurance. For more information, visit www.allstatebenefits.com.

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Allstate Benefits

Allstate Benefits, a leading voluntary benefits insurer, was founded in 1956 as American Heritage Life Insurance Company (American Heritage Life) in Jacksonville, Fla. It was acquired in 1999 by The Allstate Corporation (NYSE: ALL), the nations largest publicly held personal lines insurer known for its Youre In Good Hands With Allstate slogan. Allstate Benefits offers a portfolio of products that include universal life, term life, disability income, cancer, accident, heart and stroke, critical illness, hospital indemnity, vision and dental insurance. For more information, visit www.allstatebenefits.com.

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