Builder’s Risk Insurance Agent in Austin
Ed Weeren Insurance provides the Austin area builder’s risk insurance specifically for construction projects.
Builders risk can best be described as a form of “temporary insurance”. When one undertakes the task of constructing a building, it is necessary to purchase property coverage starting the first day, when the construction value is $0 to the point where the building is 100% complete. The unique nature of this policy is that when purchased, you will do so in the final or completed value of the building, but if a loss occurs during the construction period, the policy will respond for the value of the building at the time of the loss, e.g. 30%, 50%, 80%. Coverage is usually written on a broad peril basis, which includes most of the types of perils to which a construction project is exposed.
To obtain a policy, the insured must provide a description of the property to be built, its location, completed value, length of construction time and protection during construction such as fences or guards, etc.
Choose a Professional Builder’s Risk Insurance Company: Ed Weeren Insurance Agency
Your insurance is only as good as the company behind it. You will always want to choose an insurance company who has an excellent reputation in the industry, settles claims quickly and fairly, and has claim specialists who know the industry. Ed Weeren Insurance Agency is committed to providing you the best Austin, TX insurance service. If you’re ready to work with a trusted insurance agency, contact us today!