Title: Builders Risk Insurance Author: Kevin Published: March 9, 2016 --- # Builders Risk Insurance ## Looking for Builders Risk Insurance in Lake Jackson? Builder’s Risk Insurance, which some refer to as Course of Construction Insurance, is a form of commercial property insurance which covers a building where the building or insured area is presently being constructed or heavily remodeled. It can cover just the structure, or also the materials on site waiting to be installed or transported to the job site. ![builders risk insurance](http://mu.staging.advisorevolved.com/wp-content/uploads/ sites/308/2017/11/h-e-n-g-s-t-r-e-a-m-180108.jpg) The builder’s risk insurance policy will pay for damages up to the coverage limit in the policy. The limit must accurately reflect the total completed value of the structure (all materials and labor costs, but not including land value). **The construction budget is the best source for determining the appropriate limit of insurance.** Builder’s Risk insurance policies can often be purchased in terms of three-months, six-months, or 12-months. If the project is not completed by the end of the initial policy term, it can often be extended, but usually only one time. ## How much does a Builder’s Risk Insurance cost? The builders risk policy will provide coverage for damage done to the insured structure from a wide variety of events. **Damage from the following events will be covered by most policies:** * Fire * Wind (may be limited in coastal areas) * Theft * Lightning * Hail * Explosion * Vandalism * Vehicles/Aircraft You should read your course of builder’s risk insurance policy to be familiar with its limitations and exclusions. Limited coverage is provided for collapse. **Standard exclusions include:** * Earthquake * Employee theft * Water damage * Weather damage to property in the open * War * Government action * Contract penalty * Voluntary parting * Mechanical breakdown An important exclusion which should be read in its entirety excludes coverage for damage resulting from faulty: design, planning, workmanship and materials. Earthquake and flood coverage may be purchased in some areas. ## How to get started on your Builders Risk quote You can either [call our office](https://www.haganrp.com/contact/?output_format=md), or start your quotes below, and submit some basic information. Either way, we’ll make the process as simple as possible! * Are you a current client of our agency?* - Yes - No * What policy number(s) do you need help with if available? * | | [](https://www.haganrp.com/business/builders-risk-insurance/void(0);?output_format=md) [](https://www.haganrp.com/business/builders-risk-insurance/void(0);?output_format=md) | * What is the nature of your inquiry?* - General Question - ID Card Request - Policy Change Request - Discuss A Claim - Certificate of Insurance * Describe your policy change request * What date do you need this policy change/request to take effect?* * DD slash MM slash YYYY * Which vehicle do you need an ID card for (please enter year, make, and model)? * | Year | Make | Model |   | | | | | [](https://www.haganrp.com/business/builders-risk-insurance/void(0);?output_format=md) [](https://www.haganrp.com/business/builders-risk-insurance/void(0);?output_format=md) | * Your Name* * First Last * Your Email* * Your Phone * SMS Texting Opt-in * By checking this box, I consent to receive text messages related to my quote request from Hagan Risk Partners. You can reply "STOP" at any time to opt-out. Message and data rates may apply. Message frequency may vary, text "HELP" to ( 979) 297-2433 for assistance. For more information, please refer to our [https://www.haganrp.com/privacy/.](https://www.haganrp.com/privacy/?output_format=md) Mobile information will not be shared with third parties/affiliates for marketing/ promotional purposes. * Please list the Additional Insured and/or Certificate Holder * Additional Insured and/or Certificate Holder Address * Street Address Address Line 2 City State / Province / Region ZIP / Postal Code * Details regarding your question, policy change, claim or other request:* #### Please complete the form below for a quote. * What would you like a quote for? Check all that apply:* - Auto - Home - Condo - Renters - Rental Property - Life - Motorcycle - Boat & Jet Ski - Umbrella - Business Owners Package - Work Comp - Contractors Insurance - Other * Primary Policyholder Name* * First Last * Your Phone Number * SMS Text Messaging Opt-In * By checking this box, I consent to receive text messages related to my quote request from Hagan Risk Partners. You can reply "STOP" at any time to opt-out. Message and data rates may apply. Message frequency may vary, text "HELP" to ( 979) 297-2433 for assistance. For more information, please refer to our [https://www.haganrp.com/privacy/.](https://www.haganrp.com/privacy/?output_format=md) Mobile information will not be shared with third parties/affiliates for marketing/ promotional purposes. * Your Email* * How did you find our agency?* - Google Search - Facebook Page/Post - Facebook/Instagram Ad - Google Ad - Customer Referral * Who referred you to us?* * Current Insurance Provider* * Date Quote Needed* * MM slash DD slash YYYY * If you have any other questions, comments or requests, please leave them here, thank you! ### Request Your Proposal Here Are you ready to save time, aggravation, and money? The team at Hagan Risk Partners is here and ready to make the process as painless as possible. We look forward to meeting you! [ Start Here ](https://www.haganrp.com/quotes/?output_format=md)