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Houston Texas Builders Risk Insurance
How to Adequately Protect Property in the Course of Construction

Houston Texas Construction Projects Involve Unique Risks Construction projects include unique risks not properly handled by other insurance policies because buildings under construction are more subject to damage from the elements such as snow, rain, wind and hail than completed structures. Another key issue is that construction property projects values do not remain stable throughout the duration of the policy. Instead, the insurable value of a construction project starts out small in the beginning of the job and continually increases until project completion. Also, the property may be owned by the general contractor, the subs or property owner. The property can be in transit at the construction site or even off-site. To cover these unique exposures, a Builder's risk insurance policy is required. These are specialized policies developed to cover the property loss exposures that go along with construction projects in Houston TX. Who's Responsibility is it to purchase Builders Risk Insurance The "Insurance requirement" portions of the contract will specify whether the the general contractor or project owner is responsible for purchasing a Builders Risk policy. Builders Risk is a non-standard form of coverage and many companies file their own forms. Generally, each builders Risk policy will cover supplies, the building that is being constructed, machinery, equipment that will be used in the construction, all fixtures and materials. Builders Risk Policy Coverages Can Be Vastly Different? By way of example, this is how significantly different builders in Houston Texas risk can be. One of our builders risk insurance markets does not provide any general liability as part of their policy - it is simply not available. If the project takes 2 days or 1 year - you pay the same price. Call us at (855) 432-9922 or contact us for answers to your Houston TX Builders Risk insurance questions.