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Insurance Services / Personal / Builder’s Risk

Builder’s Risk

Builder’s Risk is a property insurance policy designed to cover property in the course of construction. Coverage is usually written on an all risks basis and typically applies not only to property at the construction site, but also to property at off-site storage locations and in transit. Builders risk insurance can be written on either a completed value or a reporting form basis; in either case, the estimated completed value of the project is used as the limit of insurance.

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