What is Builder's Risk Insurance?
Builder's risk insurance is a form of property insurance that protects damage or loss to a construction project while it is being built or renovated. It protects the owner, contractor, and lender from financial loss caused by dangers such as fire, wind, theft, and vandalism. The coverage begins when construction begins and ends when the project is completed or handed over to the owner. The cost of insurance is determined by the property's worth, the length of the policy, and the amount of coverage.
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Magnolia, TX 77354
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