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Builder's Risk
Builder's
Risk policies cover buildings or structures during
the construction, renovation or repair process. While
coverage is often tailored to meet the needs of each
customer, the vast majority of policies also cover
building materials destined to become a permanent
part of the building or structure. This property is
covered while in transit, at temporary storage locations
and while stored at the job site.
Who Needs It
Any business entity with a financial interest in property
under construction, renovation or repair needs Builders'
Risk insurance. Typical policyholders include:
* Real Estate Developers
* Building Owners
* Home Builders
* General Contractors
* Municipalities
* Colleges and Universities
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