Builders' All Risk

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Builders' All Risk

A standard construction insurance package.

Builders' All Risk

An insurance policy for the construction industry. Contractors and home builders purchase builders' all risk policies to protect themselves from liability and/or loss in case the project fails.
References in periodicals archive ?
ISO's Builders Risk Coverage Form, CP 00 20, is the basic avenue to builders risk coverage in the simplified language commercial property program.
ISO also provides another Builders Risk Coverage Form, IH 00 70 12 13, which is designed to provide broad coverage for the property that building contractors need to insure: building materials and supplies, fixtures, machinery and equipment to service the building.
The first question is whether collapse is even covered on the typical builders risk coverage form.
The Builders Risk Coverage Form, CP 00 20, is combined with one of the causes of loss forms to cover buildings under construction.
Buildings in the course of construction are eligible for the builders risk coverage form.
The Builders Risk Coverage form, CP 00 20, contains what amounts to a 100 percent coinsurance clause based on the value of the building on its completion date but it is not always clear what comprises the completed building's value.
The builders risk coverage form applies to the building described in the policy declarations while in the course of construction.
The builders risk coverage form was released in 1986 with no separate item of coverage for builders machinery, tools, and equipment as found in previous versions.
However, the current edition provides limited coverage for builders machinery, tools, and equipment when Special Causes of Loss form, CP 10 30, is attached to the builders risk coverage form.

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