Builders Risk Insurance Cost Calculator
Estimate the cost of builders risk insurance for construction projects based on project value, location risk, deductible, and coverage type.
Published by:
isCalculator Editorial Team
Was this calculator helpful?
How to use this tool?
Builders Risk Insurance Cost Calculator – Quick Guide
- Enter Project Value – Input the total construction project cost in dollars (e.g., 500000). Use whole numbers or decimals; no commas.
- Select Location Risk – Choose the risk level for the project site: Low (0.5%), Medium (1.0%), or High (1.5%). This affects the base rate.
- Enter Deductible – Input the deductible amount in dollars (e.g., 5000). The calculator subtracts 10% of this from the premium.
- Choose Coverage Type – Pick the policy type: Basic (1.0x multiplier), Broad (1.2x), or Special (1.5x). Higher coverage increases premium.
- Click "Calculate Premium" – The estimated annual premium appears below, along with a breakdown showing the base rate, multiplier, and deductible adjustment.
Note: All inputs must be positive numbers. The result is rounded to two decimal places. If the premium would be negative, it is set to $0.00.
Previous Results
| Result | Inputs | Date |
|---|
Frequently Asked Questions
Builders risk insurance covers buildings under construction against damage from events like fire, wind, theft, and vandalism.
Premium is estimated as (Project Value × Base Rate × Coverage Multiplier) minus a deductible adjustment (10% of deductible). Base rate depends on location risk.
Basic covers named perils, broad covers more perils, and special covers all risks except exclusions. The multiplier increases accordingly.
