A specialized form of property insurance to cover work in the course of construction. Also called property insurance.
Insurance policy carried during construction that covers damage to home or property caused by fire, wind, theft or vandalism.
Indemnifies for loss of or damage to a building under construction. Insurance is normally written for a specified amount on the building and applies only in the course of construction. Coverage customarily includes fire and extended coverage and vandalism and malicious mischief. Builders Risk coverage can be extended to a "special" form as well. The builders risk policy also may include coverage for items in transit to the construction site (up to a certain percentage of value) and items stored at the site. Click here to shop for Builder's Risk Insurance at einsure.com
(a/k/a course of construction insurance). Builder's risk insurance is a type of property insurance that covers construction projects by insuring property already in place but under construction, as well as equipment and materials to be installed.
Insurance against loss resulting from damage to buildings and to materials incidental to construction, including machinery and equipment, while the buildings are under construction.
Covers damage to a building under construction, including payment for the labor and materials needed to construct the building.
Insurance which covers a single construction project while under construction. It may be setup to extend beyond the end of construction.
Fire and extended coverage insurance for a building under construction. Coverage increases automatically as the construction progresses and terminates at completion.
Insurance coverage on a construction project during construction, including extended coverage that may be added for the contract for the customer's protections.