Builders Risk Texas
Coverage you can count on in Texas-Oklahoma-New Mexico-Arkansas-Louisiana-Mississippi and Alabama.
Builders Risk Texas
Coverage you can count on in Texas-Oklahoma-New Mexico-Arkansas-Louisiana-Mississippi and Alabama.
The Coverage
Builder’s risk insurance, also known as course of construction insurance, is a specialized type of property insurance that helps protect buildings under construction. It’s essential in helping protect construction projects, but can be complex and often misunderstood. However, having a properly structured builder’s risk insurance policy can be crucial. In fact, it will serve as the backbone of a successful risk management program. Builder’s risk insurance helps protect construction projects from property damage due to:
Fire
Lightning
Hail
Explosions
Theft
Vandalism
Weather events like a Tornado
Who Needs Builder’s Risk Coverage?
Any person or company with a financial interest in the construction project needs builder’s risk insurance. Some common people you may want to include on your policy as insureds include the:
Property owner
General contractor
Subcontractors
Lender
Architects
What Types of Property Does Builder’s Risk Insurance Cover?
A basic builder’s risk insurance policy helps cover buildings and structures under construction. It also helps protect:
Materials
Supplies
Equipment on site, in transit or at other locations
What Does Builder’s Risk Insurance Cover?
A builder’s risk insurance policy helps protect your construction projects from certain kinds of property damage. It can also help cover additional soft costs, or expenses not directly related to construction, if property damage causes a delay. This can include:
Lost sales
Rental income
Additional interest on loans
Real estate taxes
Because every construction project is unique, each builder’s risk policy is different. You can customize your policy to fit your project’s needs by getting coverage extensions. Common extensions include protection for:
Scaffolding
Construction forms
Temporary structures
Debris removal and disposal in the event of a loss
Pollutant cleanup
What States do we cover?
Texas-Oklahoma-New Mexico-Arkansas-Louisiana-Mississippi-Alabama
Our Partners
Contact Us
Builders Risk
1230 E. Hwy 199 Ste 104
Springtown, Tx. 76082
Hours
Open today | 09:00 am – 05:00 pm |
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