The prospect is seeking builder’s risk or construction-related insurance coverage for a new small cabin being built in Del Norte, Colorado, with the intent to transition to a homeowners policy upon completion and is also interested in securing homeowners coverage if builder’s risk can first be obtained. The prospect does not currently have an active policy and needs immediate coverage for the construction phase. He previously attempted to secure coverage through State Farm but was declined due to acting as the general contractor on the build. No competing agents beyond this attempt were indicated, and the prospect is open to being connected with a specialist who can assist.
The risk involves a new construction, non-primary residence cabin with no basement and minimal square footage, intended for personal vacation use. The property is located in a known high wildfire exposure area, which significantly impacts carrier availability and increases the likelihood of excess and surplus placement. The prospect reported no prior claims and confirmed no existing coverage in place, with out-of-state residency adding an additional underwriting consideration.
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