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Builder’s Risk Insurance: Do You Know When Your Coverage Ends?

December 27, 2011

Builder’s risk insurance is a critical risk management tool for any owner or contractor seeking to renovate existing structures or build new ones. This coverage protects against loss to a construction project due to property damage sustained during the course of construction, subject to a variety of conditions and exclusions that vary by policy form. Construction contracts typically require the procurement of builder’s risk insurance and hold either the owner or the contractor responsible for buying and maintaining it until the contract has been paid in full or the owner has accepted the buildings or structures covered by the policy. Because of the specialized nature of builder’s risk insurance, it’s important to select a knowledgeable broker to get the right policy.

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For more information, please contact:

Miles Holden

415-995-5039 Direct Phone
415-995-3505 Fax

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