AIG.com Home Contact Us United States


Construction Property Insurance

Construction Property Insurance provides all risk coverages, including the perils of flood, earthquake and coastal windstorm. Coverage is expressly designed to help handle the myriad of risks construction projects can encounter from inception to handover. Policies can cover insured property on either a replacement cost or actual cash value basis or be tailored to the clients needs. With access to the vast product arsenal available from the AIG companies, our clients can address their potential risks through an integrated products approach, helping to reduce overlaps or gaps in coverage.

Features and Benefits Back To Top
  • Includes fixed and mobile equipment and can encompass most production-and-manufacturing related risks include rental reimbursement expenses, construction and installation projects. 
  • Addresses project-specific builder’s risks and master builder’s risks including general building construction, infrastructure works, manufacturing, industrial and civil works
  • Includes project - builder’s risks and annual reporting builder’s risks based on contract revenue
  • Extends optional annual block coverage to equipment such as fleets or boiler and machinery damage 
  • Innovative underwriting, flexible program design, and market-leading financial strength
  • Limits up to $100 million
 
Marketing Materials Back To Top

Brokers interested in AIG Companies' products can find out more by clicking the highlight sheets below:

Construction Solutions Highlight Sheet (.pdf) 
An overview of the AIG Constructions Solutions insurance program.

Construction Solutions Press Release (.pdf)
Press release announcing the formation of AIG's Constructions Solutions division.

Historic Tax Credit (.pdf)
Benefit overview of Lexington Insurance Company's Historic Rehabilitation Tax Credit  insurance.

Lexington Property Insurance (.pdf)
An overview of the benefits and features of Lexington Insurance Company's Property insurance.

Construction Property Highlight Sheet (.pdf)
Benefit overview of Lexington Insurance Company's Property insurance for the Construction Industry.

Zoning Restriction Brochure

Claims Back To Top

When a customer experiences a property loss, nothing is more important than promptly paying the claim and restoring their business to normal operation as quickly as possible. With extensive commercial property claims experience derived from managing some of the biggest, worst and most complex property claims in history, and a vast network of resources that stand ready to respond, The AIG Companies are well equipped to do just that.

Our access to national general adjusters and property and auto/heavy equipment reinspectors located around the country ensure policyholders receive proper loss assessment and quality control. And dedicated catastrophe teams, comprehensive claims investigators and safety/loss control engineers help policyholders effectively mitigate their losses and minimize loss costs.

Fax: (866) 612-8014
E-mail Lexingtoncommercialproperty@aig.com
Mail: Lexington Insurance Co.
100 Summer Street
Boston, MA 02110

Applications and Forms Back To Top

The applications below are for the exclusive use of licensed surplus lines insurance brokers. As a surplus lines insurer, Lexington Insurance Company does not accept applications from or provide quotes to individuals.

Builder's Risk Application (.xls)
Supplemental application for Tunnel and/or Subway Construction for Lexington Insurance Company Builder's Risk Insurance.

Zoning Restriction Protector Back To Top

Constantly-changing zoning ordinances leave non-conforming commercial and residential properties and their lender vulnerable. If a property suffers enough damage that it must be rebuilt to comply with current code which reduces the rentable square footage or "density" of the property, the financial ramifications can be significant.

Zoning Restriction ProtectorSM Insurance from Lexington Insurance Company offers a first-of-its kind solution for this problem. Designed for commercial and residential real estate developers and lenders, Zoning Restriction Protector provides valuable dual coverage.

Features and Benefits

- Protects lenders against a loss between the loan balance on the date of a property damage loss from an insured peril and the total insureds proceeds at the time of property damage if the same size building cannot be rebuilt due to zoning ordinances in effect the date of the property damage.

- Insures in conjunction with Lexington's standard building insurance policies the property owner for the loss of net equity suffered in whole or part as determined by an appraisal (after considering all debt and insurance recoveries) if the same size building cannot be rebuilt due to zoning ordinances in effect the date of the property damage.