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Builder’s risk
Builder’s risk · For contractors and owners

Builder’s risk application.

The questions the builder’s risk market asks before it prices a project, across five sheets: the project, the builder and the insured, the structure, the eligibility questions and the coverage you want. The questions change with your answers, as they do in the carrier’s own application. Answer what you can and send it from the review sheet. Our brokerage takes it to market and comes back with quotes, or with questions.

Plan on 10 to 20 minutes for new construction with no claims, with the contract and budget to hand. Your answers are kept in this browser tab only, with no account. Closing the tab clears them, so gather your documents first (the checklist lists them).

Insurers need this to quote. You can send with blanks; we’ll ask for the rest.

What to have on hand: the contract, the budget and the lender’s requirements (4 things)

Most of it comes straight from the construction contract, the project budget and the builder’s paperwork. Answer counts assume a new-construction project with no claims history.

  • The contract or project summaryWhat is being built, where, when it starts and how long it runs.
  • The budgetThe completed value of the finished structure; for a renovation, the renovation cost and the existing structure’s value.
  • The builder’s detailsYears of experience, the license, and any claims in the last five years.
  • The lender’s requirementsWho must be named on the policy, and the loan number.
Start from your documents

Pre-fill this application from your documents

Drop the construction contract, the budget or your lender’s requirements. We fill in answers you’ve left blank, and you check each one before you send.

Drag files here, or

PDF, photo (JPG, PNG, HEIC), Excel .xlsx, Word .docx, text or CSV. Up to 4 MB a file (larger photos are shrunk to fit), 12 files in all.

Good documents for this application

  • The contract or project summary
  • The budget
  • The lender’s requirements

Files are read to fill in answers and are not kept. An AI provider reads them under terms that don’t let it train on them.

Application
Builder’s risk application
Sheets
05
New construction
about 49 answers, 38 required
Renovation
about 72 answers, 61 required
Status
Your answers go to Light RFP when you press Send. Files you drop in are read to fill in answers, and not kept.
Prepared by
Light RFP Risk Management Services LLC NY DFS License # PC-1978982

Builder’s risk application

Files you drop in fill in answers you’ve left blank.

BR-01

Project details

What is being built, where, and what the finished structure is worth.

3/9required answered

Project

The day coverage starts.

12 months

You pay for the whole first term even if the job finishes early, so pick a duration that covers delays.

Location

Not sure? Leave it blank. We look it up from the address.

2026Auto

Set from the effective date for new construction.

Not sure? Leave it blank. We look it up from the address.
Not sure? Leave it blank. We look it up from the address.

Coverage

The full value of the finished structure: the most the policy pays.

Sheet 1 of 5
After you send

From application to bound policy.

  1. Quote

    Premium, taxes and fees for the deductibles and coverages you chose. If an answer needs underwriter review, the quote is released after that review, so expect follow-up questions on commercial and multi-story projects.

  2. What the insurer still needs

    The documents the carrier needs before or after binding, starting with the signed application and anything the underwriter asked for.

  3. Bind

    We confirm the effective date together, then the policy documents and a payment link are issued.

Send us the project and we’ll fill this in with you.

Rather go through it on a call? Schedule a call, or write to Light RFP’s insurance team: insurance@lightrfp.com

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