What is Builders Risk Insurance?Buildings and constructions that are still under construction are shielded from dangers like fire, theft, and vandalism by builders' risk insurance, sometimes referred to as course of construction insurance. It includes goods, supplies, and machinery that are kept off-site, in route, or in storage. Lenders, contractors, and property owners all require this insurance, which normally covers the length of the building project. Acts of war, general wear and tear, and defective craftsmanship are examples of standard exclusions. Additional endorsements can be added to policies to address certain risks.
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