Builders Risk Insurance Coverage Checklist

| December 25, 2015

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Builders risk is considered “non-standardized” coverage. This means that, unlike most other types of insurance, the terms and coverage afforded can vary considerably from policy to policy. For this reason, a builders risk policy should be closely examined in order to determine the scope of coverage and to make sure the insurance obtained actually meets your company’s needs. Indeed, for especially significant projects, it may be prudent to hire an attorney to review that policy so that there are no surprises in the event of a loss. While it is recommended that the entire builder's risk policy be reviewed, what follows below is a checklist of the provisions of special importance, which should be closely examined.

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