Builder’s Risk Insurance in Texas
Construction projects carry risks that can disrupt timelines and budgets, which is why many professionals secure builder’s risk insurance in Texas before breaking ground. This type of policy is designed to safeguard buildings under construction and the materials, equipment, and labor invested in them. Understanding how builder’s risk coverage works in Texas can protect your investment and keep your project on track. What Is Builder’s Risk Insurance? Builder’s risk insurance is a specialized form of property insurance that covers structures during the course of construction. It provides financial protection against direct physical loss from events such as fire, theft, vandalism, or certain weather-related damage. However, it typically excludes coverage for faulty workmanship, ordinary wear and tear, or losses that occur after the project is completed. Why Builder’s Risk Insurance Is Important in Texas Texas construction projects face unique risks due to severe weather patterns, i...
