Builders Risk Insurance in Temple, Texas

What Is Builders Risk Insurance?

Builders risk insurance—also called course of construction coverage—protects buildings under construction from damage caused by fire, theft, vandalism, storms, and other covered perils. The policy covers the structure itself plus materials, equipment, and fixtures on site until the project is complete. For Temple contractors, developers, and property owners, builders risk insurance protects your investment throughout the construction process.

Winkler Insurance helps Central Texas construction professionals find flexible builders risk coverage tailored to their projects.

Why Temple Contractors Need Builders Risk Insurance

Construction sites face unique exposures. Here's why builders risk coverage matters:

• Standard property insurance doesn't apply. Buildings under construction aren't covered by permanent property policies.


• Materials are vulnerable. Lumber, fixtures, and equipment stored on site can be stolen or damaged.


• Texas weather creates risk. Hail, wind, and storms can damage unfinished structures quickly.


• Theft and vandalism are common. Construction sites attract thieves targeting tools, materials, and copper.


• Lenders often require it. Construction loans typically mandate builders risk coverage.

What Does Builders Risk Insurance Cover?

A builders risk policy protects several aspects of construction projects:

Building Structure
Covers the structure under construction including framing, roofing, and all permanent components.

Building Materials
Covers lumber, drywall, fixtures, and other materials stored on site or in transit.

Temporary Structures
Covers scaffolding, temporary fencing, and construction trailers.

Soft Costs
Can cover additional expenses like permit fees, architect fees, and loan interest if delays occur due to covered losses.

Equipment and Machinery
Coverage for construction equipment can often be added to the policy.

Who Should Purchase Builders Risk Insurance?

Different parties may need builders risk coverage depending on the project:

• Property owners building new structures or renovating existing ones


• General contractors responsible for projects under their contracts


• Developers managing commercial or residential construction

Contracts should specify who carries builders risk coverage. Winkler Insurance helps Temple construction professionals determine the right approach for each project.

How Much Does Builders Risk Insurance Cost in Texas?

Builders risk premiums typically run 1% to 4% of the total construction value. A $500,000 project might cost $5,000 to $20,000 for coverage throughout construction. Factors affecting price include project type, location, construction timeline, and coverage limits. Winkler Insurance compares quotes to find competitive rates for Temple contractors and developers.

Why Work with Winkler Insurance?

Since 2006, Winkler Insurance has helped Central Texas construction professionals protect their projects with builders risk coverage. As an independent agency, we work with carriers experienced in construction insurance. Our Temple agents understand project timelines and help you secure coverage from groundbreaking through completion.

Get a Builders Risk Insurance Quote in Temple, Texas

Our builders risk insurance agents serve Temple, Texas and surrounding areas including Belton, Harker Heights, Killeen, Copperas Cove, Troy, Waco, Round Rock, and Cameron. Contact Winkler Insurance today for a free quote.