New construction insurance
Ground-up construction is insured from the first day on the lot to the day the home is finished. The policy is written to the total completed value so the coverage matches the finished house.
Quote new constructionWhat it covers
- The structure as it goes up, to its completed value
- Materials and supplies on site
- Liability for the job site, when requested
- A term that matches the build, with extensions where the carrier allows
Who it's for
Spec builders, investors building rentals, and borrowers on construction loans.
What your lender will ask for
Total completed value, the construction lender's mortgagee clause and loan number, and the projected completion date.
Questions we hear
Can I insure the vacant lot before construction starts?
Yes - a ground-up policy can start at the lot, and liability for the land can be added.
What do you need to quote?
The address, the completed square footage, the construction budget, the start date and the lender's details.
Where we write it
VersiFi quotes nationwide through carriers licensed in each state. State guides:
Get a quote today.
Send the address and your lender's details - we quote with several carriers at once and send the evidence of insurance to your lender. Or call 512-801-8702.