E. Builder’s Risk Insurance for the construction of above ground buildings

Special Call Village Council Meeting re Baseball Field License Agreement · 2026-07-27 · agenda_item

This item concerns builder's risk insurance requirements for a construction project in the Village of Islamorada. The insurance must cover 100% of the completed value for above-ground buildings and structures, with the Licensor named as an insured party. The deductible should not exceed $25,000. If the initial insurance expires before the work is finished, renewal certificates are due 30 days before the current policy ends. The policy must also give the Licensor 30 days written notice before any changes, cancellation, or restrictions. This item is currently under review. The project will involve site preparation, building construction, and related trades. Contractors, suppliers, and service providers should reach out early to understand the project scope and insurance requirements before bids and permits are finalized.

deductible

25000 dollars

notice period

30 calendar days