Builder’s Risk insurance covers any losses or damage incurred during building or renovations. In most instances, the general contractor will purchase a builder’s risk policy to help protect both their interests and the homeowners. Anyone interested in purchasing Builders Risk insurance can count on the professionals at Outdoor Insurance Services to provide the residents of Houston, TX, with quality insurance policies and exceptional customer service.

Builder’s Risk insurance

These policies protect anyone interested in a construction or renovation project. However, the general contractor may or may not make the policy purchase. It is standard protocol for the contractor to secure the policy. Still, they may state in their contract that the homeowner is responsible for acquiring the policy before the project begins.

Let Us Assist You 

If you’re currently in the market for a builder’s risk policy or any other type of high-quality insurance policy, we can help. Our expert insurance agents are highly knowledgeable and ready to work with you to help you get protection coverage. We can assist you with determining which policy options work best for your situation. Once a policy is selected, we can also provide support with the submission of documentation and paperwork. If, at any point during the life of the policy, you need to update your information or change the policy, we are here to help. Are agents can also assist you with claims submissions.

Contact Outdoor Insurance Services Today 

Outdoor Insurance Services offers specialty insurance policies to help prevent financial risks associated with various instances. We are here to help the residents of Houston, TX get the peace of mind they need to pursue projects and other endeavors. Please call or stop by our office today to schedule a consultation with one of our insurance agents.

Here at Outdoor Insurance Services, serving the greater Houston, TX area, one of the types of insurance we offer is operator insurance. While there are many types of insurance products that you may be familiar with, operator’s insurance is not one of the products that most people are familiar with. As such, when you hear this term, you may wonder what operators’ insurance is and when you may find yourself needing an operators’ insurance product. Read on to get the answers to these questions. 

What Is Operator’s Insurance? 

Operator’s insurance differs greatly from traditional liability insurance that you see with auto or truck insurance policies. With traditional policies, the vehicle itself is covered, regardless of who is operating the car, as long as they are not on an excluded list. With operator’s insurance, you, the driver, are covered, regardless of which vehicle you operate. Most operator’s insurance policies apply to drivers of cars or operators of big rigs. 

When Should You Consider Purchasing an Operator’s Insurance Policy? 

If you typically drive one or more vehicles you do not own, purchasing an operator’s insurance policy may benefit you. It helps to ensure that you are covered as the driver of the vehicle or truck, regardless of what type of insurance the owner of the vehicle has. This helps to protect you when you are operating someone else’s vehicle. 

Operator’s insurance may be needed if you operate a vehicle or a big rig you do not own. Typically, insurance products cover the vehicle itself, but operator’s insurance is designed to cover the operator or driver. If you want to purchase an operator’s insurance policy in the greater Houston, TX area, please get in touch with Outdoor Insurance Services to get the help you deserve when looking for and purchasing your ideal insurance policy. 

When you decide to renovate or remodel your home, you may find that you need added insurance even though the construction crew you hire carries its own insurance. Outdoor Insurance Services serving the Houston, TX metropolitan area offers the insurance you need to protect yourself and your home while it remains under construction or renovation.

Builder’s Risk Insurance Protects You

Your builder carries their liability policy and a workers’ compensation policy, which only protects their business. If a worker or the construction company owner becomes injured on your work site – in your home – they could also sue you. Builder’s risk insurance protects your financial security by covering the liability of having construction workers in your home.

Here’s why you both need insurance to protect the added liability created during construction projects. Your home insurance policy only provides a tiny bit of liability coverage – typically 10 to 25 percent of the home’s value. Suppose a construction worker incurred an injury while working on your home. In that case, they could double-dip on liability by filing a claim with both your insurance company and the construction company’s company. That would cost you if their injuries’ treatment exceeded the payout of your liability coverage. Without the builder’s risk insurance, the rest would come out of your pocket.

Builders Buy Builder’s Risk, Too

You might think that sounds redundant, but when a builder undertakes a project to construct a home on speculation, meaning they’re building it to see who will buy it, they assume all of the risks. In this case, the builder’s risk policy protects their investment and comprises part of their commercial insurance package. The builder also carries workers’ comp and general liability. The construction company adds a builder’s risk policy to its package for added protection.

Contact Us

Don’t get caught without the right insurance coverage. Contact Outdoor Insurance Services serving Houston, TX to obtain a builder’s risk insurance policy that protects your home while under construction or renovation.