At Insight Risk, we understand that renovation projects present unique challenges — and opportunities. Whether it's multi-family housing, mixed-use commercial spaces, or higher education facilities, our team has the experience and technology to deliver comprehensive Builder’s Risk insurance solutions. By bundling our underwriting expertise with innovative IoT loss control, we ensure each project is covered from every angle.
Read on to learn how The Insight Advantage benefited each of these recently bound projects, plus how our IoT water damage prevention solution made an immediate impact just days after the solution was installed.
Recent Win #1: Multi-Building Renovation
Project Size: $185m TIV
Type: Multi-Family Housing
Location: New York
When renovating 16 residential buildings with over 500 apartments serving nearly 1500 residents living in-place, our developer client needed to balance the needs of the project against keeping tenants informed and safe during construction.
The developer relied on Insight Risk to create a bundled Builder’s Risk coverage and loss prevention solution that addressed those critical needs, providing safety, efficiency, and peace of mind as construction activities are staged across the worksite.
Recent Win #2: Technology For The Win
Project Size: $65m TIV
Type: Mixed Use Development
Location: California
Already familiar with the positive impact IoT technology can make on construction job sites, the developer responsible for a mixed-use project containing ground floor retail and 105 affordable units knew from the start they wanted a water loss prevention solution.
Working in partnership with one of our technology vendors to create a bespoke solution, Insight Risk wrote the Builder’s Risk policy for this cornerstone building, which is the first phase of a multi-billion dollar development set to revitalize a historically significant waterfront area.
Recent Win #3: University Revitalization
Project Size: $70m TIV
Type: Higher Education
Location: New York
After purchasing a vacant building in need of serious revitalization, this Ivy League university was ready to execute on their vision for new student housing with modern amenities combined with preserved historical elements while staying within budget.
By working with Insight Risk, the university lowered their water damage deductible significantly by installing an IoT water damage protection solution. Insight Risk consulted with carrier and contractor engineers to ensure compliance with rigorous loss control requirements.
With hands-on experience involving hundreds of projects, Insight Risk brings together stakeholders from across the construction ecosystem to achieve the common objective of avoiding preventable losses.
Ready to put The Insight Advantage to your advantage? Talk to our team today!
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