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Bayou City Risk’s Modified Blanket Builder’s Risk program provides significant premium savings, eliminates reporting for insureds and eliminates potential uncovered claims due to late or non-reporting. Our rates are applied on a pro-rata basis and premium is paid only for the period of time (in months) that each structure is covered by the insurance policy. Our low minimum premium requirements reduce the risk of overestimating exposure at the beginning of the policy period.
Builder’s Risk insurance is typically offered in either a “reporting” or “standard blanket” coverage format. Reporting formats often require tedious monthly reporting. If reporting is done incorrectly, it can result in uncovered losses. Both reporting and standard blanket coverage formats typically require the insured to pay premiums based on “annual” rates, even if a structure is built and sold in less than one year.
Bayou City Risk is proud to offer our Modified Blanket Builder’s Risk Program, which eliminates both of these concerns. This program provides significant premium savings, eliminates reporting for insureds and eliminates potential uncovered claims due to late or non-reporting. Our rates are applied on a pro-rata basis and premium is paid only for the period of time (in months) that each structure is covered by the insurance policy. Our low minimum premium requirements reduce the risk of overestimating exposure values at the beginning of the policy period.
Contact Bayou City Risk today to obtain a Modified Blanket Builder’s Risk quote and see how much premium savings goes into your pocket!
* Minimum deposit of 6-month pro-rated rate required at binding