Builders risk insurance for Texas projects.
From groundbreaking to occupancy, with permanent coverage arranged ahead of completion. We review your contract and lender requirements before the first quote.
Prefer to talk? Call (713) 367-1706
In Short
What insurance does a Texas construction project need?
Texas property owners building or renovating typically need builders risk insurance written at completed value, with soft-cost and delay coverage for financed projects, theft and named-storm terms confirmed in writing, owner's interest liability, and permanent property and liability coverage lined up to start the day the building is occupied.
Read the complete construction project insurance guide
General information, not a promise of coverage.
Risks & Coverage
What can go wrong at a Texas construction project, and the coverage to consider.
- 01
Theft of Materials & Equipment
Copper, appliances and tools left on open job sites are prime targets. Theft limits and security conditions vary by carrier.
Coverage to ConsiderTheft and vandalism of materials on site, in transit and in storage
- 02
Storms Mid-Build
Partially framed buildings are vulnerable to wind and hail. Coastal projects need named-storm coverage confirmed before the season starts.
Coverage to ConsiderNamed storm and wind confirmed in writing
- 03
Delay Costs
A covered loss can push completion back by months. Soft-cost coverage pays the extra interest, fees and lost rent.
Coverage to ConsiderSoft costs and delay in completion
- 04
The Gap at Completion
Builders risk usually ends when the building is occupied or put into use. Ask for permanent property coverage to be in place before the building is occupied.
Coverage to ConsiderPermanent coverage lined up for the day the building is put into use
- 05
Contractor Insurance That Doesn't Protect You
Your contractors' liability policies should name you as additional insured. Certificates alone don't prove that.
Coverage to ConsiderOwner's interest liability and contractor certificates checked
Typical Coverage
What a Texas construction project usually carries.
- 01
Builders Risk — Completed Value
The building as it goes up, insured at its finished value.
- 02
Soft Costs & Delay in Completion
Interest, permit fees, lost rent and extra costs when a loss delays the project.
- 03
Theft & Vandalism
Materials on site, in transit and in storage.
- 04
Owner's Interest Liability
Protection for the owner beyond the contractors' policies.
- 05
Named Storm & Flood
Confirmed in writing for coastal and floodplain projects.
- 06
Transition to Permanent Coverage
Property and liability lined up to start the day the building is put into use.
Not Needed to Start
What to have ready.
Carriers price what they can see, so a complete submission helps them quote with confidence. Missing something? Send what you have.
- Project address, type and total completed value
- Construction start and completion dates
- General contractor and their experience
- Construction type, stories and square footage
- Site security (fencing, cameras, lighting)
- Lender's builders risk requirements
- Renovation: the value of the existing building
Questions
Builders Risk: common questions.
Who should buy builders risk — me or my contractor?
Either can, and the construction contract usually decides. Owners often buy it themselves to control the limits, deductibles and claims. We'll review the contract and recommend the cleaner option.
Does builders risk cover renovation of an existing building?
Renovation projects can be insured, but the existing structure is usually covered separately. We coordinate both.
What happens when the building is finished?
Builders risk ends at completion or occupancy. We arrange permanent property and liability coverage ahead of time.
Ready When You Are
Your quote starts here.
About two minutes. A person reads every request.
Guides for Builders Risk
- How Does Builders Risk Insurance Work for Texas Construction Projects?
- Additional Insured vs. Certificate Holder: What Landlords Need
- How to Choose a Commercial Insurance Agency in Texas
- What Insurance Do Lenders Require on Commercial Real Estate?
- What Happens to Insurance When a Texas Commercial Building Is Vacant?