Read the contract before anyone buys a policy. Standard owner-contractor agreements commonly place the property insurance duty on the owner, but heavily negotiated deals often move it. If neither party buys it, the project starts uninsured.
What the buyer needs to confirm:
Coverage period. The policy should run from the start of construction through completion, with room to extend if the schedule slips.
Soft costs and delay. Loan interest, permit fees, and lost rents during a delay usually need a specific endorsement.
Materials. Confirm coverage for materials in transit and stored off site.
The handoff. Permanent property coverage must start the moment the builder’s risk ends, including on partial occupancy, or the building sits uninsured.
Who is insured. The owner, lender, contractor, and subcontractors should all appear on the policy.
How Liberty structures your protection: We plan builder’s risk, the owner’s liability, and the permanent property program as one sequence. That keeps lender requirements met at every draw and prevents a gap between the last day of construction and the first day of occupancy.