Farmers agency · Dallas, TX
New construction home insurance, bound before your closing date.
Building or buying a brand-new home in Texas? We quote from the builder plan, set the dwelling limit on rebuild cost, and get the binder to your lender on time — every time.
The builder timeline, handled
At contract
Send us the builder contract, plan and elevation. We can quote off the plan long before the home is finished.
3 weeks out
We lock the coverage design: dwelling limit on rebuild cost, wind/hail deductible, personal property and liability.
Before funding
Binder and evidence of insurance go straight to your lender and title company so nothing delays the closing.
At closing
Policy effective the day you take possession, with home and auto bundled if you want the multi-policy discount.
After move-in
We revisit the limit once upgrades, a pool, or a shop go in — coverage should track the house, not the contract.
What we check on every new build
- Dwelling limit built from rebuild cost, not the sale price or the appraisal.
- Wind and hail deductible options compared side by side — this is the biggest lever in North Texas.
- New-home and new-roof credits, plus impact-resistant shingle credits where the build qualifies.
- Builder's risk vs. HO-3: which one applies and when the policy needs to convert.
- Detached structures, shops, pools and future upgrades scheduled before they become a claim problem.
- Fire protection class and distance to a responding station on rural-edge builds.
Realtors & loan officers
Send your buyer's closing packet and we'll turn a quote around fast, coordinate the binder with title, and keep you copied so you know the insurance box is checked.
Email info@coverageonpoint.com or call 469-210-1807.
New construction insurance FAQ
When do I need to buy insurance on a new construction home?
Your lender will require proof of homeowners insurance before funding — usually a few days before closing. We recommend starting the quote 2 to 3 weeks out so the binder is issued and delivered to title without a last-minute scramble.
Should the dwelling limit match my purchase price?
No. The dwelling limit should reflect what it would cost to rebuild the home, which excludes the land. On a new build the purchase price often includes lot premium and upgrades, so we build the limit from the plan, square footage and finish level instead.
What is builder's risk and do I need it?
Builder's risk covers the structure while it is under construction and is normally carried by the builder on a production home. If you are the one contracting the build on land you own, you need it — then convert to a homeowners policy at completion.
Does a brand-new roof lower my premium in Texas?
Roof age and material are among the biggest premium drivers in North Texas because of wind and hail exposure. A new roof, and in many cases an impact-resistant shingle, can qualify for credits. We check both at quote time.
Can I bundle the new home with my auto policy?
Yes, and it is usually the better move. Writing home and auto together at closing applies the multi-policy discount from day one rather than waiting for your auto renewal.
Where we write new builds
Our strongest North Texas markets — see the local page for your area.