Riskier residential construction projects call for our Builder’s Risk insurance solutions.

Snyder Specialty:

Serving Retail Agents throughout the Tri-State Area & Pennsylvania

As specialists in insuring high-value homes, coastal dwellings and hard-to-place properties with our Homeowners and Dwelling Fire Rental programs, MGA and Surplus Lines Broker Snyder Specialty, LLC also provides Builder’s Risk insurance for residential properties under construction or undergoing renovation. Whether it’s a new build or a home undergoing millions of dollars in renovation, we can help you secure coverage for your client to protect against physical loss and damage during the course of construction from fire, wind, theft, vandalism and other perils.

Program Features

Coverage includes:

Special Form
Buildings or structures in the course of construction
Scaffolding, fencing, and temporary structures
Uninstalled Building Materials
Property in transit
Soft costs
No Labor Law exclusion (NY)
General Liability available up to $1MM

Our Appetite

High-value properties
Coastal homes
LLC or estate-owned homes
Properties with underground tanks
Frame-construction properties
Homes with structural issues
Properties with prior claims – no existing claim damage
Vacation/seasonal homes
Properties vacant part of the year

We also allow Condominiums rented to others on a full-time or part-time basis and condominium units under renovation under our Builder’s Risk residential programs.

Annual policy term residential Builder’s Risk policies are only subject to a 25% minimum earned.

Placing the right Builder’s Risk insurance on a project requires making sure coverage is arranged correctly. It’s important to review who and what is covered and the various provisions that exist so that your client fully understands how the policy works. The professionals at Snyder Specialty can help you to do so.

Tell Us What You Need

We’re ready to put our experience, expertise, appetite, underwriting capabilities, creativity, superior specialty insurance products, and market relationship with Lloyd’s to work for you—more important than ever in today’s increasingly challenging insurance landscape. Let our programs help protect your clients’ future.