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Builders Risk Insurance


Builders Risk Insurance Quote Forms


Looking for coverage? Click any of the following links to submit a quote for quick, accurate and affordable rates.

Builders Risk


Builders Risk Insurance Information



At Beal & Winn Insurance Agency, we have you covered for your builder's risk needs.  Whether you're a builder that has two starts a year or fifty, we have access to the very best coverage and pricing in the marketplace.  From single shot policies to large reporting form schedules, we can handle it all.



The Facts

Builders risk insurance is a form of insurance that covers property owners and builders for projects under construction. It is an "all risk coverage," meaning that it protects you from events such as vandalism, accidental losses and damages to the property. Because of the enormous risk of some jobs, many lenders require that this coverage be purchased before they will approve a loan for the project.

Having this coverage gives the policy owner the peace of mind knowing that the project and his interests will be protected. You can add on optional coverage such as soft costs, which are expenses that are not directly related to the building phase but are affected by it. Financial costs, additional interest expenses, leasing and marketing expenses, legal and accounting expenses, and miscellaneous carrying costs are examples of soft costs expenses. Another added benefit is that the coverage amount increases as the value of the project rises as a result of its progress toward completion.

What's Covered

  • Under a builders risk insurance policy, a number of things are covered. The coverage is extended to the building supplies and materials and the property including the buildings or structures on the site. The materials are covered while they are in transit or at a temporary location. Optional flood and earthquake coverage is also available. Some companies offer error and omissions coverage.

Considerations

  • Builders risk insurance does not cover losses before the start of a construction phase or after the completion of the project. This insurance is strictly in force during the construction only and the protection ceases once the job is finished. In addition, it's important to realize that this coverage is strictly property coverage.  It does not include any type of liability coverage for the builder or owner.  Liability coverage should be purchased separately.

Thank you for your interest in Beal & Winn Insurance. We work with multiple A+ carriers to bring you the best coverage at the best rates. Please feel free to call our office at 979-268-1500 and speak to an insurance professional or email your questions and an agent will reply promptly.  
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