Builders Risk Monthly Rate Change (FL, GA, NC, SC, TX)

2.25.21

Builders Risk Monthly Update

FLORIDA


Territory: Florida
Product: Builders Risk Monthly
New Business Effective Date: March 1, 2021
Renewal Effective Date: May 1, 2021



Summary of Rate Change:

  • 20% base rate increase statewide
  • Decreased rates for builders who complete projects within 1-4 months


GEORGIA

Territory: Georgia
Product: Builders Risk Monthly
New Business Effective Date: March 1, 2021
Renewal Effective Date: May 1, 2021



Summary of Rate Change:

  • 20% base rate increase statewide
  • Decreased rates for builders who complete projects within 1-4 months

NORTH CAROLINA

Territory: North Carolina
Product: Builders Risk Monthly
New Business Effective Date: March 1, 2021
Renewal Effective Date: May 1, 2021



Summary of Rate Change:

  • 30% base rate increase in Territory 3
  • Decreased rates for builders who complete projects within 1-4 months

SOUTH CAROLINA

Territory: South Carolina
Product: Builders Risk Monthly
New Business Effective Date: March 1, 2021
Renewal Effective Date: May 1, 2021



Summary of Rate Change:

  • 30% base rate increase statewide
  • Decreased rates for builders who complete projects within 1-4 months

TEXAS

Territory: Texas
Product: Builders Risk Monthly
New Business Effective Date: March 1, 2021
Renewal Effective Date: May 1, 2021



Summary of Rate Change:

  • 20% base rate increase for inland territories 1 & 4
  • 30% base rate decrease for coastal territories 2 & 3
  • Decreased rates for builders who complete projects within 1-4 months
  • Added Territory 5, new territory map

Questions? Reach out to your Territory Sales Manager or our Inside Sales Team at the contact information listed below.

As always, we appreciate your business and value our partnership.

Your Bankers Sales Team
bankersmarketing@bankersinsurance.com
800.627.0000 x4900