Does Builders Risk Cover Materials In Storage?

The ISO specimen treats the jobsite and temporary storage locations as distinct locations for covered property and limits. Oregon’s installation floater guidance likewise discusses temporary storage for materials intended to be installed in the building. Tell the insurer where materials will be kept and how long, rather than relying on an assumption that storage follows the jobsite schedule. Check the definition of temporary storage, location-specific cap, security safeguards, transit to and from the warehouse, and whether property must be reported or scheduled. Ask the storage facility whether it assumes responsibility for customer goods and request its certificate or contract terms; do not treat the facility’s insurance as automatically covering your interest. On your quote, verify which storage addresses qualify as temporary locations, how long property can remain there, how the limit applies per location, and whether theft or water damage has a separate cap.