The Thomas-Fenner-Woods Agency will provide protection for your project while under construction.
Basic Coverages Provided
General Liability with $1,000,000 Limit Per Occurrence and $2,000,000 Aggregate Limit. Individualized Policy issued in the name of the developer and project entities.
Hired & Non-Owned Auto Liability Coverage of $1,000,000. Combined Single Limit. Individualized policy issued in the name of the developer and project entities.
Office Contents - $10,000 Limit – this can be increased to fit your needs.
Crime (Employee Dishonesty) Coverage with a Limit of $25,000.
Builder’s Risk Coverage (Special form of coverage dealing with the unique loss exposures of property under construction). Developer and project entity will be added to the Epcon Communities Franchising, Inc. Master Builder's Risk Policy.
Soft Cost Coverage – Time element coverage for property under construction. Covers income loss or specified additional expenses resulting form delay in project completion when the delay is caused by damage to the project from an insured peril.
Limits:
| $30,000,000 | All Covered Property In Any One Occurrence | |
| 100,000 | Covered Property in Transit | |
| 100,000 | Covered Property at Unscheduled Storage Locations |
Deductible:
$5,000 Per Occurrence
Coverage is extended to include:
Trailers
Contents of Trailers
Model Contents
Theft of Building Materials
Coverage can be extended to include (as needed):
Occupied Buildings
Clubhouse Contents
Monthly Reporting Applicable to Builder’s Risk:
Construction starts reported monthly
Form will be provided by Thomas-Fenner-Woods to you on a monthly basis – your choice of delivery regular mail, fax or e-mail
Premium is developed in accordance with the Builder’s Risk Report submitted
Values based on each building’s cost 100% Replacement Cost.
Optional Coverages Available for Additional Premium on Builder’s Risk:
Soft Cost Coverage – Time element coverage for property under construction. Covers income loss or specified additional expenses resulting from delay in project completion when the delay is caused by damage to the project from an insured peril. (Limit availability: $100,000)
Flood Coverage - $500,000. Limit with $10,000. Deductible.
Earthquake Coverage - $500,000. Limit with $10,000. Deductible. (Mine subsidence included).
Flood Coverage - $1,000,000. Limit with $25,000. Deductible
Earthquake Coverage - $1,000,000. Limit with $25,000. Deductible. (Mine Subsidence included)