Houston, Texas insurance

Builders' Risk Insurance

Builders' Risk InsuranceBuilders Risk is a policy is designed to provide coverage for buildings while under construction.  It covers the contractor’s interest in materials at the job site before they are installed, materials in transit intended for the job, and the value of the property being constructed until it is completed and accepted by the owner.  The policy may be written to cover the whole structure for new construction or the cost of remodeling  and renovation projects.  It can also be used to cover specific projects, such as a new room addition, a deck, or a remodeled bathroom.

Builders risk insurance usually is in the name of the contractor or the property developer; but it could also be in the name of the property owner if he is responsible for insuring it while the property is under construction. Both commercial and residential construction sites might be covered under a builders risk insurance policy.

There are also additional built-in schemes for the specialized needs of a particular construction project, whether it's commercial or residential. Often, insurance companies request a certain level of experience of the builder before they provide insurance coverage for their commercial sites. Usually, an experience level of 2-3 years in commercial construction is desired.

An additional option that can be attached with builders risk insurance coverage is movement of earth. If the construction is extremely large, then the cost of moving earth from the digging site could amount to a great deal.

A builders risk insurance policy is essential for people who have a financial interest in property construction, either commercial or residential. It doesn't mean only new construction, but also any remodeling or renovation project.

If any damage to construction material occurs in transit or during storage, then this cost could also be covered under a builders risk insurance policy.

Builders' Risk Insurance Quote Request

Please take a moment to fill out the form below and one of our local insurance agents will contact you with a free, no-obligation quote. This information will be kept confidential and will be used for quote purposes only.

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General Information
Your Full Name: *
Your Company:
Address:
City:
State:     Zip:
Business Phone: *  
E-mail Address: *

Current Insurance Information
Company Name:
(not agency)
Policy Expiration Date:   Premium Amt: $
Years Insured:

Property Information
Property #1  
Year Building Built:
Building Square footage:
Occupancy: Owner Tenant
Square Feet Occupied as Owner or Tenant:
Replacement Value of Building: $
Replacement Value of Business
Personal Property:
$

Property #2
 
Year Building Built:
Building Square footage:
Occupancy: Owner Tenant
Square Feet Occupied as Owner or Tenant:
Replacement Value of Building: $
Replacement Value of Business
Personal Property:
$

Property #3
 
Year Building Built:
Building Square footage:
Occupancy: Owner Tenant
Square Feet Occupied as Owner or Tenant:
Replacement Value of Building: $
Replacement Value of Business
Personal Property:
$

Property #4
 
Year Building Built:
Building Square footage:
Occupancy: Owner Tenant
Square Feet Occupied as Owner or Tenant:
Replacement Value of Building: $
Replacement Value of Business
Personal Property:
$

Additional Comments or Questions

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Please click the "Submit Quote Request" button to send your quote request. No coverage is in effect until bound by an insurance carrier. This is a request for quotation only.

 

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