Builder's Risk in Utah.
Builder's risk covers a structure while it's under construction — fire, wind, theft of materials, and vandalism — plus materials on site and sometimes in transit. A standard property policy won't cover a half-built structure, so lenders and owners require it on new construction and major remodels. It's project-specific and term-limited.
What builder's risk protects.
The structure under construction against fire, wind, theft, and vandalism
Building materials on the job site
Materials in transit to the site (when included)
The project through substantial completion — then it converts to permanent property coverage
What builder's risk costs in Utah.
What drives the price: the project's completed value, construction type, term length, and location.
A Utah County custom-home build is rated on its completed value over the construction term — often a fraction of a percent of the build cost for the policy.
Illustrative only — not a quote. Builder's Risk pricing is set by the carrier; your real number comes from a licensed producer after we shop A-rated carriers for you.
General contractors and owners on ground-up new construction and major remodels — and the lenders financing them. On GMP jobs the GC often buys it; the contract specifies who carries it, the limit, and the named insureds (owner, GC, lender).
On Utah new construction and major remodels, the lender and owner almost always require builder's risk before the loan funds. We write it to the project's completed value with the owner, GC, and lender named as the contract requires.
How Keel handles your builder's risk.
Tell us about it
Text us what you need for builder's risk — no forms, no phone tag.
We shop A-rated carriers
We compare the carriers we're appointed with and bring back real options, not estimates.
A licensed producer reviews
A real producer checks the coverage and limits — nothing binds automatically.
Bound, proof in hand
Once you're set we bind it and send your documents, often the same day.
Builder's Risk in Utah
01What limit should a builder's risk policy carry?
The limit equals the completed value of the project — the full cost to build it, not the land. We set it to the completed value and run the term through substantial completion.
02Who buys builder's risk — the owner or the contractor?
It depends on the contract. On guaranteed-maximum-price (GMP) jobs the GC often buys it; on others the owner does. The contract specifies who carries it and who's named — usually the owner, GC, and lender.
03What happens when construction finishes?
Builder's risk is term-limited and runs through substantial completion. Once the structure is done, it converts to a permanent property policy or a BOP — we coordinate that handoff so there's no gap.
04Does builder's risk cover materials stored off site or in transit?
It can, by endorsement. Coverage for materials in transit and at temporary storage locations is common but not automatic — we confirm what your job needs and add it before binding.
Coverage that often goes with it.
General Liability
General liability is the coverage clients, landlords, and contracts ask you to carry.
Learn more →Business Owner's Policy
A Business Owner's Policy (BOP) bundles two essentials — property and general liability — into one policy, usually at a better price than buying them separately.
Learn more →Workers' Compensation
Workers' compensation covers medical bills and lost wages when an employee is hurt on the job — and protects you from most related lawsuits.
Learn more →Ready to get builder's risk handled?
Text us and we’ll shop it — a licensed producer reviews before anything binds.