• Risks with more than 3 builders risk claims in the past 3 years.
• Risks with a loss ratio of more than 50% in the past 3 years.
• Risks where the project's builder/contractor has been in business as a homebuilder or remodeler for less than 2 years or proposed builder/contractor has less than 2 years of experience as a construction manager or supervisor.
• Risks where the remodeling is being done as a result of prior property damage (i.e. flood, earth movement, fire or water damage). Some exceptions available. Contact your Underwriter.
  

The Great American program provides Builder's Risk/Course of Construction coverages for Owner/Builders, Contractors & Developers building or remodeling commercial buildings of all sorts. Apartments and most other occupancies will be considered but very Large Frame buildings are more suited for our other programs. Most submissions are viewed on a case by case basis for exposure. Minimum premium will vary by state and by project. Replacement Cost Valuation is included.

Policies may be written for one year and extended coverage is available subject to additional underwriting review.

• The project's builder/contractor must have been engaged principally (75% or more) in the construction and/or remodeling commercial projects for the past 2 years.

The rating information needed to develop a price indication is as follows:

• Project type (Is it New construction, Remodeling/Renovation with no existing structure coverage or Remodeling/Renovation with existing structure coverage).
• The state that the project is in.
• The protection class where the project is to be located.
• Whether the project is in a designated brush area and the protection class the project is in
• The construction type of the project (i.e. wood frame, joisted masonry, non-combustible etc…)
• The value of the New construction or Remodeling/renovation, and, if the applicant wants the coverage, the value of the existing structure.