Builders Risk

In the ongoing process of construction of a building, there are many hazards like fire that threaten successful completion, as well as risk to the materials onsite or in transit. This requires builders risk insurance to cover costs from unexpected loss. This insurance increases with the progress of the construction. Builders risk insurance terminates automatically when the construction is completed. In many states, for example Texas, builders risk insurance may be required of construction companies, contractors, homebuilders and institutions, but it is also available for home improvement projects.

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