Protect Your Construction Investment
Austin’s skyline changes month by month. Tech campuses expand across North Austin, high-rise towers rise downtown, and large residential developments continue stretching into Dripping Springs, Leander, and Buda.
With this level of activity, construction teams face challenges that can slow or derail a project — weather swings, material shortages, accidental damage, and theft among them.
Builders Risk Insurance helps protect the money invested in a project while work is still underway.
Projects throughout East Austin, Mueller, and South Lamar often operate in tight spaces surrounded by active businesses and traffic. Deliveries, equipment movement, and staging in these environments create a higher chance of accidental damage.
In places like Hyde Park, Travis Heights, and Clarksville, older structures often conceal issues that don’t appear until demolition begins — water damage, failing electrical, or compromised framing, all of which can trigger unexpected costs.
Growing districts such as East Riverside, Domain Northside, and South Austin often host multiple active job sites at once. Materials commonly targeted include:
Losses add up fast when replacements aren’t budgeted.
Central Texas sees:
Unpredictable weather makes protective measures — and insurance — essential.
Instead of listing coverages traditionally, here’s how a policy functions during real-world Austin scenarios:
Weather-related damage may be covered.
Theft coverage can reimburse for stolen items.
Accidental physical damage to the insured project can be included.
Sudden water damage may fall under the policy.
Builders Risk can cover repair and clean-up costs.
Optional protections commonly added in Austin include:
Any party that stands to lose financially during construction should be listed on the policy.
Responsibility varies, but the policy is commonly secured by:
Developers running commercial or multifamily projects
General contractors managing multiple trades
Property owners renovating or expanding existing buildings
Subcontractors installing costly systems
Lenders requiring risk protection before releasing funds
Typical range: 1% to 4% of total construction cost, though high-value or specialized projects may vary.
Premiums depend on:
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Yes — hail is one of the most common weather claims in Central Texas and is typically included.
Flood coverage must be added separately; it’s not included by default.
Most policies exclude contractor tools unless added through a separate equipment endorsement.
Yes. Any project involving structural changes or major upgrades should have Builders Risk.
Yes. Lenders are often named as mortgagees or loss payees.
When construction is complete, the project is occupied, or a certificate of occupancy is issued.
Protecting your building project needs special insurance suited to the area’s unique risks. At BuildersRisk.net, we provide custom Builders Risk policies to protect your investment from hurricanes, flooding, and other unexpected events.
Get in touch with us now or check out BuildersRisk.net to receive a custom quote and make sure your project stays on schedule regardless of the obstacles.
