Builder’s Renovation Insurance
Protection for your building, materials, and liability during construction and retrofit projects.
When you open walls, change structure, or bring in trades, your regular property policy likely won’t respond to a loss. Builder’s Renovation Insurance bridges that gap — purpose-built for construction-in-progress, covering damage, theft, or liability from start to finish.
What Is Builder’s Renovation Insurance?
Once you begin structural or interior work, your standard property or homeowners insurance may exclude coverage. A Builder’s Renovation policy is designed for occupied or vacant properties undergoing upgrades, retrofits, or rebuilds — protecting both the existing structure and new improvements.
Key Risks Include:
Fire, wind, and water damage during construction
Theft or vandalism of building materials (up to $25,000)
Liability for on-site operations
Materials in storage or transit
Temporary structures and scaffolding
Optional soft-costs coverage
Bind Coverage Quickly by Phone — Choose Your Limits
| Category | Coverage Details |
|---|---|
|
Existing Building (Coverage A) |
Up to $2,000,000 |
|
Total Insured Value (TIV) |
Up to $3,000,000 |
|
Renovation Project Cost Coverage |
Up to 150% of building value |
|
Premises Liability Limit |
Up to $2,000,000 |
|
Materials Theft Sublimit |
$25,000 |
|
Other Structures & Contents |
Up to 20% of Coverage A (max $250,000) |
|
Policy Terms |
3, 6, 9, or 12 months — extendable to 18 months |
|
Coverage Form |
Property & Liability Package or Mono-Line Property |
|
Options |
Named Perils or Multi-Peril; Replacement Cost; Vandalism included |
|
Markets |
Lloyd’s A-rated paper via Ai Insurance Organization |
Looking for more coverage? Support available for projects up to $50 million.
Need coverage for your reno before it starts?
Get a quote in minutes — flexible terms, quick issue.
Who This Coverage Is For
Ideal for property owners, builders, and investors.
Use this coverage when:
- You own the property and are doing major work (additions, conversions, structural updates).
- You’re a contractor or GC managing a client renovation and need project-specific proof of insurance.
- You’re a landlord or investor renovating between tenants and your existing property policy doesn’t cover construction.
- You manage multiple properties and want separate, auditable policies per project.
Eligible Projects
Full or partial gut and rebuilds
Structural changes or load-bearing modifications
Commercial tenant improvements
Additions and dormers
Fire and water damage reconstruction
Modular or prefabricated rebuilds (under review)
What’s Needed to Get a Quote
To bind same-day, provide:
- Project address and current occupancy status
- Scope of work (cosmetic vs structural)
- Total project value and completion timeline
- Contractor or GC details
- Site protection and security details (fencing, locks, alarms, winter heat)
Why Ai Insurance Organization
Trusted Canadian markets.
Expert construction support.
Ai Insurance Organization’s producers specialize in builder’s risk and renovation coverage — meaning your policy gets placed quickly, with lenders and municipalities properly listed.
You’ll get:
- ● Access to multiple A-rated carriers (including Lloyd’s)
- ● Guidance on whether your project fits renovation, CoC, or vacant-property coverage
- ● Digital intake tracked in HubSpot for rapid turnaround
- ● Easy extension options for over-schedule projects
- ●Dedicated producers across Ontario, Alberta, and BC
FAQs on Builder's Renovation
How is Builder’s Renovation different from Builder’s Risk?
Renovation insurance covers upgrades to an existing structure, while Builder’s Risk applies to ground-up construction.
Does this cover vacant properties?
Yes — vacant renovations are eligible under review.
Is theft of materials included?
Yes, up to a $25,000 sublimit for theft of building materials, appliances, or fixtures before installation.
Who underwrites this program?
Ai Insurance Organization places coverage through Lloyd’s-backed A-rated markets.
Can I add my lender or GC as additional insured?
Yes. Lenders, owners, and contractors can be added as additional insureds or loss payees.
What if my renovation takes longer than expected?
Policies can be extended before expiry — up to 18 months total duration.
What are the deductible options?
Typical deductible is $1,000–$2,500, adjustable based on project value.
How long does it take to get coverage?
Most quotes are turned around within 24 hours after submission.
Eligibility & Exclusions
Eligible:
- Residential or commercial renovation projects
- Structural, addition, or major cosmetic upgrades
- Owner-occupied, vacant, or investor-held properties
Not eligible:
- Demolition-only projects
- Full new builds (covered under Builder’s Risk / Course of Construction)
- Properties under foreclosure or with unmitigated damage
What Our
Customers Are Saying
Real reviews from real clients — across commercial lines, personal insurance, and surety bonding. Discover why business owners, families, and professionals across Canada trust Ai Insurance Organization to protect what matters most.
Real clients. Real coverage. Real protection during your build.
Latest Insights on Builder’s Renovation & Risk Management
Start Your Renovation with Confidence
Renovations are where most “I thought I was covered” claims happen. Builder’s Renovation Insurance protects your investment until completion — so you can build with peace of mind.
