Definition of "Installation insurance"

Anthony Piotrowski real estate agent

Written by

Anthony Piotrowskielite badge icon

White Sands Realty & Associates Of N W F

Property coverage on a dealer's interest in equipment while it is being installed. Labor and material are protected against such perils as fire, lightning, and windstorm. For example, if an elevator was installed and it was damaged or destroyed before the buyer could take possession, the contractor would lose the cost of labor and materials if there was no installation insurance.

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