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Our Builder’s Risk program is a comprehensive insurance solution that covers under-construction properties and their works sites against all the most common risk factors. Seasoned Professionals : Our underwriters bring years of specialized expertise to the table, meaning we can handle even the most unique and complex projects.
This means complete property protection in the event of damages from: Extreme weather events Vandalism Theft Fire Beyond propertydamage, Distinguished also offers coverages for: General liability Soft costs Mold and fungus Off-site materials in transit How Much Does Builder’s Risk Cost in Michigan?
Vandalism : Intentional damage to the job site by third parties, including things like broken glass or graffiti. Propertydamage : Damages to the building that is being constructed or renovated. Equipment : Covers damages to or theft of equipment used on the job site.
The surety’s role is complex, as it must diligently assess the risks associated with underwriting bonds. In return for premium payments, the insurer agrees to compensate the insured for losses suffered due to specified risks, such as propertydamage or liability claims.
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