builder's risk insurance

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builder’s risk insurance

A specialized form of property insurance to cover work, 1 in the course of construction. Also see property insurance.
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At the time of that incident, Extell was the named insured on a program of builder's risk insurance containing coverage in the amount of $700 million, that is, the total estimated cost of the project.
Gloria testified she scheduled the meeting because they needed a builder's risk insurance policy to obtain a $234,000 mortgage from their bank.
bodes well for the continued availability of comprehensive builder's risk insurance at an affordable price.
Weitz had obtained a commercial builder's risk insurance policy from Liberty Insurance Underwriters Inc.
Purchased by a single entity and administered by the same broker and insurance company, this coverage typically includes general liability, excess liability, builder's risk insurance and workers' compensation.
In his lawsuit, Defoe argues that his insurer was negligent because it failed to procure builder's risk insurance and activate it in a timely fashion.
Should you buy builder's risk insurance or assume the risk of constructing the new building yourself?