September 28, 2023

Residential Construction Insurance | Houston, TX

If you’re about to start your next construction project building a new home, you’ll want residential construction insurance Houston, TX. It’s always smart to get insurance for you, your business, and your team to ensure you’re protected if something goes wrong. Our team at Texas Insurance Agency supports smart moves by providing our clients with as many coverage options as possible. See what’s in store when you get your free quote today.

Residential Construction Insurance Houston, TX

Texas Insurance Agency can help you find the right residential construction insurance plan. Check out what we have to offer today!

Is getting residential construction insurance important?
Different types of insurance have different roles. You’ll want various coverage plans to ensure your business and team are completely covered in many cases. This type of insurance is important for several reasons:

  1. Risk Management
  2. Protection Against Lawsuits
  3. Legal Requirements
  4. Stable Finances
  5. Coverage for Pricey Tools and Equipment
  6. Lender Requirement

What is residential construction insurance?
Residential construction insurance protects against risks that come up when building a new home or making changes to an old one. It can cover things like materials, natural events, workers’ comp, liability, and more. The coverage will usually start when the building begins and stop when the job is done. This protection helps protect against losing money because of harm or damage that might happen during the building process.

You can learn more about the insurance you need before your next construction project. Whether you want to buy a new policy for your business and team or renew your terms, our team is ready to help. Texas Insurance Agency works with local insurance companies to provide our clients with as many affordable options as possible. Check all your business insurance options in one place by scheduling a meeting with us!

It’s Time to Get Residential Construction Insurance Houston, TX

Contractors, builders, and homeowners all need residential construction insurance. This kind of insurance is usually needed for contractors and builders to protect themselves from being held responsible for accidents or damage that happen on the job site. On the other hand, homeowners might get it if they plan to renovate or build a new home or attachment on the property.

This way, all parties involved can protect their investment against problems like structural damage, natural disasters, or mistakes made during the building process. Also, builders or homeowners may have to carry this kind of insurance if their lender or state law says so. You’ll need to check the details of your contract or the proper authorities to see if you’re legally required to have this type of coverage before you start work.

As soon as the building or remodeling project starts, you need residential construction insurance to cover any damage to the property, theft of building supplies, or injuries on the job site. If you need residential construction insurance for your next project, Texas Insurance Agency can help you get the coverage you need. Get in touch to learn more about how you can financially protect your business and team from unexpected events.

Residential Construction Insurance Houston, TX

Don’t wait around for a disaster waiting to happen. Get Residential Construction Insurance Houston, TX ahead of time, just in case.

Types of Construction Insurance

There are different types of insurance you can get to ensure you’re fully insured. Our team can assess your business assets and future projects to help you determine what you need to stay above your financial bottom line. Some of the coverage options we suggest for building projects include the following:

Builder’s Risk Insurance: This takes care of any damage to the building that might happen while it’s being built. Dangers like theft, vandalism, fire, storms, and other natural tragedies are part of it. It can cover the costs of repairs and rebuilding if an event ruins the work you’ve already done.

General Liability Insurance: No matter what industry, field, or business, everyone needs this type of coverage. This protects you from cases or liability claims that might come up because of accidents or injuries on the job site. It will cover the costs of the legal fees, any settlements agreed to, and any reimbursements to the injured party.

Workers’ Compensation Insurance: This is a must if the building or contractor hires people to do work for them. If one of your team members gets sick or injured from a work-related event, this coverage plan will pay for their welfare. This option is a must-have for those who work in high-risk fields, such as construction.

Professional Liability Insurance: This type of insurance, which is also called “errors and omissions” insurance, covers mistakes in writing, problems with buildings, or claims of carelessness. This policy will kick in if there is a mistake in construction that endangers or harms someone later.

Equipment Breakdown Insurance: This covers the cost of fixing or replacing broken or malfunctioning equipment. This is especially important if you have heavy machinery or specialized equipment to build the residential building.

Pollution Coverage: This may be needed if the building poses a risk to the environment or to pollution. It protects against losses and cleanups caused by pollution.

The exact mix of insurance types that are needed may depend on the job, the area, and the laws and rules in that area. Talking to an insurance expert is always a good idea to make sure that all the risks that come with building a house are properly handled. Once you know the parameters of the coverage you need, Texas Insurance Agency can do the rest and find the perfect plan for you.

Residential Construction Insurance Houston, TX

Speak with us today for more info on the residential construction insurance you need.

Protect Your Business & Team

Insurance will only work if you have it before an incident happens. It’s too late if you try to buy insurance after an event leaves your project in shambles, people injured, and your expenses in the red. Texas Insurance Agency can help you find the coverage you need to prevent that from happening.

Call our office to learn more about your options. Our Houston office is always ready to help clients looking for insurance. We’ll show you how residential construction insurance can protect you during your next project.

Houston, Texas Fun Facts:

  • Houston is the 4th largest city in the nation.
  • However, it’s one of the most culturally diverse.
  • There are over 145 languages spoken in the city.

Our Partners

We are pleased to partner with these companies to bring you the best coverage at the lowest rates available.