Builder's risk insurance
Insurance against damage to buildings while they are under construction / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Builder's risk insurance?
Summarize this article for a 10 year old
SHOW ALL QUESTIONS
Builder's risk insurance (Contractor's All Risk insurance – CAR insurance) is a type of property insurance which indemnifies against damage to buildings while they are under construction.[1] Builder's risk insurance is "coverage that protects a person's or organization's insurable interest in materials, fixtures and/or equipment being used in the construction or renovation of a building or structure should those items sustain physical loss or damage from a covered cause."[2]
This article needs additional citations for verification. (March 2011) |