What is Builders Risk Insurance?

Builders’ risk insurance is a type of property insurance coverage that protects against damage to buildings or other structures during construction. In addition to covering the physical building, builders’ risk insurance can also include coverage for on-site personal property and any materials used in the project. These policies are typically purchased by builders, developers, and contractors to protect themselves against financial losses due to risks such as damage from weather events, theft, or vandalism while the project is in progress.

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