Building Under Construction Insurance

Builder’s Risk insurance is also called Course of Construction Insurance. This coverage is for a specific construction project. Owners, property developers and General Contractors will invest in this project-specific insurance.

In other words, insurance for a building under construction is not the same as general liability insurance. Why? Because it does not include coverage for third-party damages.

5 Top Builder’s Risk benefits

Here are some of the features of Course of Construction coverage:

  1. It covers a specific project
  2. It protects against theft, vandalism, flood and weather damage.
  3. There is no coverage for liability claims
  4. It does not include Workers Compensation
  5. You get coverage for theft and vandalism.

So, find out more from the Builder’s Risk Insurance blog.

July 19, 2019
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When does Builder’s Risk Insurance coverage end?

Unlike other types of insurance, builder’s risk insurance can have a complicated end date. We’re here to help. If you have experience in obtaining insurance policies, then you understand that most policies have a clear beginning and a clear end. Most insurance companies will call these effective and expiration dates. However, if you’re new to the world of construction insurance, then you might not understand when builders risk coverage is ineffective. Builders risk is different because it doesn’t always have perfect expiration dates. This type of insurance coverage is placed during the course of construction.
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