google bot detected Builders Risk Insurance | Insurance Glossary | Realestateagent.com

Builders Risk Insurance


Definition of "Builders risk insurance"

Norman "John" Johnson
  Coldwell Banker Anderson Realtors

Same as term Builders Risks Forms: types of contracts that insure building contractors for damage to property under construction. The completed value form requires a 100% coinsurance because insurance carried must equal the completed value of the structure. The reporting form allows coverage to be carried according to the stage of completion of the structure. Perils insured against are fire, lightning, vandalism, malicious mischief, riot and civil commotion, smoke, sprinkler leakage, water damage, windstorm, and hail.



Related Real Estate Glossary terms

Related Real Estate FAQ