Renovation projects are a common part of real estate investing. Whether you’re rehabbing a newly purchased rental, making major improvements between tenants, or repositioning a property for long-term cash flow, the right insurance coverage is essential.
Obie now offers Builder’s Risk coverage for eligible renovation projects, helping investors protect qualifying rental properties while major construction is underway.
If you’re planning a significant renovation, Builder’s Risk coverage can help bridge the gap between purchasing the property and getting it ready for its next tenant.
What Is Builders Risk Coverage?
Builders Risk coverage is designed for properties undergoing major renovations or construction.
While a standard landlord insurance policy is intended for stabilized rental properties, Builders Risk coverage helps protect eligible investment properties during significant renovation projects.
This coverage is designed for investors completing substantial improvements before returning the property to the rental market.
Is Builders Risk Right for Your Project?
Builders Risk coverage may be appropriate if your renovation includes:
- Structural renovations
- Adding or removing square footage
- Major HVAC replacement
- Significant plumbing work
- Extensive electrical work
- Projects that require the property to remain vacant during construction
- Large-scale renovation projects
Many cosmetic improvements—such as painting, flooring, cabinet replacements, or replacing light fixtures—can often remain under a standard landlord policy.
Not sure which applies to your project? Our team can help determine the right coverage.
Why Investors Choose Obie
- Built for Real Estate Investors
Obie specializes in insurance designed specifically for rental property owners and real estate investors.
- Coverage for Major Renovations
Protect eligible properties while completing significant improvements.
- Fast Digital Experience
Get quotes quickly through a streamlined online experience built around investors.
- Dedicated Insurance Specialists
Questions about your renovation? Our team understands investor-specific insurance needs and can help guide you through the process.
Frequently Asked Questions
What is considered a major renovation?
Generally, major renovations involve structural changes, significant updates to building systems like HVAC, plumbing, or electrical, or projects that substantially alter the property.
Does every renovation require Builders Risk?
No.
Many cosmetic improvements can continue under a standard landlord insurance policy.
Builders Risk is intended for eligible projects involving more substantial renovations.
Can occupied rental properties qualify?
Eligibility depends on the project and underwriting requirements.
Our team can help determine whether your renovation qualifies.
When should I purchase Builders Risk coverage?
Builders Risk should be arranged before major renovations begin to help ensure continuous protection throughout the project.
What happens after construction is complete?
Once renovations are finished, the property can transition back to standard landlord insurance coverage, subject to underwriting requirements.
Why Choose Obie?
For years, Obie has helped real estate investors protect billions of dollars in rental property across the country.
The addition of Builders Risk coverage expands our ability to support investors through even more stages of property ownership—from acquisition and renovation to long-term rental operations.
Whether you’re renovating your first investment property or managing a growing portfolio, Obie offers insurance solutions built specifically for real estate investors.
Ready to Protect Your Next Renovation Project?
If you’re planning a major renovation, let’s talk.
Our team can help determine whether your project qualifies for Builders Risk coverage and recommend the right insurance solution for your investment.
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