What is Construction-to-Perm Insurance
Construction-to-Perm Insurance is one insurance program that insures your home from the time construction begins until the mortgage is paid in full and beyond. Construction-to-Perm (C2P) Insurance is convenient, automated insurance protection that starts with traditional builder's risk coverage purchased on a discounted blanket basis through your construction lender and transitions to a low-cost comprehensive homeowner policy that is usually less expensive than a traditional individually underwritten homeowners policy.
Lenders, Homeowners and Builders appreciate the convenience and cost savings of one insurance policy, delivered at loan closing, that covers a home from the time construction begins and saves time and paperwork when construction is complete and the permanent homeowners policy is bound.
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C2P Insurance for Homeowners
Construction-to-Perm Insurance is tailored for individuals using a construction-to-perm loan to build their new home and offers many of the same cost-saving features. It's just less expensive and more...
C2P Insurance for Builders
Construction-to-Perm Insurance saves homebuilders money on their builder's risk insurance and makes your completed house easier and less expensive to buy. Individuals and builders with...
C2P Insurance for Lenders
Construction-to-Perm Insurance allows a construction lender to offer discounted insurance coverage with their construction loans. This value-added service takes a potential source of risk...