A builders risk insurance claim is a type of insurance claim that is filed when a building or structure is damaged or destroyed during construction. This type of insurance can help to cover the costs of repairing or replacing the damaged property, as well as any lost income that may result from the delay in construction.
Builders risk insurance is an important type of insurance for any construction project, as it can help to protect the financial interests of the owner, the contractor, and the lender. In the event of a covered loss, the insurance company will typically pay to repair or replace the damaged property, as well as any lost income that may result from the delay in construction. This can help to ensure that the project is completed on time and within budget.
