Real Estate Transactions & Closings
Custom House Risk can take the worry out of construction closings by providing comprehensive insurance expertise throughout the entire process.
The Process:
We don't just review existing policies; we work with the project team and insurance brokers to design and procure the necessary insurance coverage, including:
- Builder's Risk
- OCIPs
- CCIPs
- Project Specific Liability Policies
- Owner’s Interest General Liability Policies
- Railroad Protective Policies
- Environmental insurance
Expertise & Experience
Our team of consultants, with backgrounds as construction insurance attorneys and brokers, is well-versed in negotiating the insurance and risk transfer requirements in construction agreements. Moreover, our team is experienced at facilitating a smooth closing by ensuring all insurance requirements stipulated in loan agreements are met.
Working for You
We are experts in negotiating waivers from lenders, from the beginning of the deal through certificate collection, obtaining insurance signoff for all parties in advance of the closing, and meticulously verify that everyone's insurance needs are satisfied.
Beyond the Closing
Custom House remains your partner throughout construction. We'll be there to manage claims, extensions, and any other insurance-related issues that may arise, allowing builders and developers to focus on the project itself and not on the insurance details.