Builders risk insurance costs vary depending on the size and value of your construction project. Other factors that may impact the cost include the location of your project and the coverage limit you choose. Get in touch with us for a personalized quote.
Builders risk insurance is a specialized type of insurance that provides coverage for damage or loss to a construction project during the building phase. It covers the materials, equipment, and structures involved in the project.
Builders risk insurance is for anyone who is undertaking a construction project. This includes property owners, general contractors, and subcontractors.
Construction projects can be risky, and accidents can happen at any time. Builders risk insurance provides protection against damage or loss to your project, which can be a substantial investment.
Builders risk insurance covers damage or loss to the construction project during the building phase. Here are five key points that builders risk insurance typically covers:
Fire damageTheft of building materialsVandalism or malicious damageWind, hail, or lightning damageDamage from explosionsWhile builders risk insurance covers many things, there are also some things that it doesn’t cover. Here are five key points of what builders risk insurance typically doesn’t cover:
Earthquakes or floodsEmployee theftActs of terrorism or warFaulty design or workmanshipIntentional damage by the policyholderYes, builders risk insurance typically has a deductible. This means that the policyholder will need to pay a certain amount out of pocket before the insurance coverage kicks in. The amount of the deductible can vary depending on the policy.
Eichelmann Insurance Agency and our experienced insurance agents can help you navigate the complexities of builders risk insurance and find the best coverage options for your Texas construction project. Contact us today to get a quote and secure your investment.
Protects Your Investment: Builders risk insurance provides coverage for damage or loss to your project, ensuring that your investment is protected against unforeseen events such as theft, fire, or vandalism.Peace of Mind: With builders risk insurance, you can have peace of mind knowing that your project is covered in the event of any damage or loss, giving you the confidence to focus on your construction work.Helps Secure Financing: Many lenders require builders risk insurance before they will approve a loan for your construction project. Having the right coverage can help you secure financing and keep your project moving forward.Reduces Financial Risk: Without builders risk insurance, you risk losing a substantial amount of money in the event of damage or loss to your project. With the right coverage, you can reduce your financial risk and protect your bottom line.Tailored Coverage: Builders risk insurance can be tailored to meet the unique needs of your construction project. From the coverage limit to the length of the policy, you can customize your coverage to ensure that you have the protection you need when you need it.I had a great experience with Eichelmann Insurance Agency. They were responsive, knowledgeable, and helped me find the perfect builders risk insurance policy for my project in Dallas.
I was so impressed with the level of service I received from Eichelmann Insurance Agency. They were able to answer all of my questions and make sure I had the coverage I needed for my construction project in Frisco.
I can’t say enough good things about Eichelmann Insurance Agency. Their team was professional, courteous, and made the whole process of buying builders risk insurance so easy.”.
I am so glad I chose Eichelmann Insurance Agency for my builders risk insurance needs. Their expertise and guidance were invaluable in helping me protect my investment and giving me peace of mind during my construction project.
