What Insurance Covers Property Under Construction?
Builders risk may cover eligible project property during construction, subject to the project description, locations, and covered causes.
Existing buildings, occupied areas, temporary storage, and closeout dates can affect builders-risk coverage. The policy should describe the project property and the construction period it insures.
Check property descriptions, project locations, construction stages, covered causes, and completion date. Confirm the insured parties and any extensions for existing structures.
