Can Both the Contractor and Property Owner Be Named Insureds on a Builder’s Risk Policy?
Distinguished
OCTOBER 15, 2024
Builder’s Risk Insurance covers property during the course of construction, whether it’s a new build or renovation. The answer lies in both parties’ financial interest in the property and how that impacts the insurance policy’s structure. It protects against fire, lightning, hail, wind, theft, and vandalism, among other perils.
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