Does Builders Risk Cover Flood?
Not automatically—the cited specimen form contains water exclusions rather than a universal flood grant, and Oregon’s sample clause calls for flood coverage when required.
Ask for the flood definition, including surface water, storm surge, and watercourse overflow; eligibility for the project and storage sites; project and storage limits; any sublimit or waiting period; and how the deductible is calculated. Flood can be defined broadly in a policy to include surface water or overflow, while backup and below-ground water may have separate treatment. If the building will later be occupied, a commercial property or homeowners policy may need separate flood insurance after the construction policy ends; do not assume a construction endorsement bridges that transition.
Coverage Guides Related to Builders Risk Insurance
Sources for This Answer
- Builders Risk Coverage Form. Insurance Services Office, Inc.; hosted by Touchpoint Markets; IH 00 70 05 17, A.1.c and A.2 pp. 1–2; A.3 and A.4 pp. 2–5; A.5 and A.6 pp. 5–8; B.2–3 pp. 10–11; C–E pp. 12–13; copyright 2017, illustrative specimen. Accessed 2026-09-25.
- Insurance Clauses – Builders Risk. Oregon Department of Administrative Services; Builders Risk: Clause, When do they apply?, Notes, Additional Information; Builders Risk Installation Floater. Accessed 2026-09-25.