A builder’s risk insurance policy is meant to protect property and materials during a construction or renovation project and covers property on construction sites when it’s damaged or destroyed by fire, vandalism or other unexpected events. Typically, coverage ends when …
The concept of builder’s risk insurance revolves around providing coverage for potential losses that occur during the construction or renovation of a building or infrastructure project. Builder’s risk insurance can also cover losses caused by delays in construction projects due …
Berkshire Hathaway Specialty Insurance (BHSI) announced that it has expanded its property capabilities to include builder’s risk insurance. The company also named Robert Tricamo to head the new specialty property area as vice president, Construction. “Builder’s risk is a natural …