Expanded Builders Risk Insurance in Coastal South Carolina
Maury Donnelly & Parr, under the brand Insure Kiawah, has broadened its Builders Risk Insurance offerings to encompass the full coastal lowcountry of South Carolina, including notable communities in Beaufort County. This expansion addresses the burgeoning insurance needs arising from increased construction activities in upscale residential areas such as Palmetto Bluff, Hilton Head, Sea Pines, Spring Island, and Bluffton.
The move reflects Maury Donnelly & Parr's strategic response to demand from luxury home builders and property owners. This demand is fueled by the area's complex building requirements and high property values. Robert Phelan, Property & Casualty Insurance Advisor at the company, noted the alignment with Charleston-area operations, emphasizing the similar insurance challenges posed by these coastal regions. Key concerns include storm exposure, high rebuild costs, and the intricacies of waterfront construction.
Understanding Builders Risk Insurance
Builders Risk Insurance is crucial during the construction phase, offering protection against risks such as fire, theft, and weather-related events. This insurance covers the building under construction, stored materials, supplies in transit, and temporary structures. Properly structuring insurance from the start is vital, especially given the luxury nature of many coastal properties in Beaufort County.
The unique exposure to coastal weather and specific building codes necessitates insurers with a thorough understanding of local construction challenges and risk factors. Insure Kiawah leverages its established network of top insurance carriers, effective in the Charleston area, including major partners like Pure, Chubb, Cincinnati, Berkley One, AIG, and Vault. The agency also accesses surplus lines carriers for properties not eligible for standard markets.
According to Phelan, this expansion enables the agency to extend its specialized services and established relationships with carriers to the broader lowcountry region. Insure Kiawah's offerings in Beaufort County will include high-value home insurance for completed properties and comprehensive policy reviews for existing homeowners.
Maury Donnelly & Parr specializes in insurance solutions tailored for high-value homes and construction projects across South Carolina, with a strong presence on Kiawah/Seabrook Island and in Charleston. As a nationwide licensed agency with direct appointments from leading carriers, the firm provides expertise in builders risk, high-value home, flood, and specialty insurance products.