A strong independent agency for personal lines typically represents 10-20 carriers. For commercial lines, look for 25-40+ carrier appointments because business policies require more market depth. The more carriers an ...
Independent and captive agents earn commissions from carriers (not direct fees from clients), so the agent cost is roughly equivalent. However, because independents shop across multiple carriers, the policies they ...
An independent insurance agent represents multiple insurance carriers (often 10-40+) and shops your coverage across them to find the best fit, while a captive agent works exclusively for one company ...
Soft cost coverage reimburses the owner or contractor for additional expenses caused by a covered delay — including extended interest on construction loans, additional architect or engineering fees, increased permit ...
Bridgeway Insurance can typically provide a builders risk quote within 24 to 48 hours, provided the construction value, project address, scope, and start date are available. Complex projects with high ...
Yes — most builders risk policies cover theft of building materials on-site and in transit, typically up to a sublimit of 25% of the policy limit. This includes copper wire, ...
Yes. Homeowners undertaking major renovations, additions, or rebuilds where the existing homeowners policy will not respond can purchase a builders risk policy. This is common for additions, gut renovations, and ...
None of the seven states Bridgeway serves (MS, AL, LA, FL, TN, NC, GA) statutorily mandate builders risk insurance. However, virtually every construction lender requires it before disbursing funds, and ...
Common exclusions include flood, earthquake, employee theft, faulty workmanship or design, normal wear and tear, war or terrorism, and damage from contractors' tools and equipment unless specifically scheduled. Notably, soft ...
Standard builders risk policies exclude flood damage. For projects in Special Flood Hazard Areas (SFHAs) — common throughout coastal areas, the lower Mississippi River basin, and floodplains across the Southeast ...
