Client: A Los Angeles real estate investor remodeling a property to sell · Coverage: Builder's Risk + General Liability · Status: Renewed
The problem
The investor's lender asked for renewal evidence of insurance as the builder's risk policy neared expiration. The remodel was about 99% complete, but contractors were still on site and there was no certificate of occupancy yet.
How Pierce helped
- Sent the lender the builder's risk and hazard evidence the same day it was requested
- Collected project status details (occupancy plans, completion date, CO status, sale timeline, replacement value)
- Advised keeping the builder's risk in force until power was on, the CO was issued and contractors were off site, so coverage stayed clean through the handoff
- Renewed the builder's risk and GL and sent the updated documents
The result
The builder's risk and general liability renewal documents were issued in May 2026, and the lender's servicing team confirmed it received the evidence.
Why it worked
Matching the coverage to the actual stage of construction, instead of switching early, avoided a gap between the builder's risk and a completed-property policy.
Related coverage
Insurance for Real Estate Investors & Landlords · Builders Risk Insurance · General Liability Insurance · Request a Certificate of Insurance
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Client names and identifying details are withheld for privacy. This story is based on an actual account handled by our agency, as documented in our files. Coverage, pricing and results for your business depend on your own details.