Why Should A Business Take Out Commercial Builders Risk Coverage
June 7, 2011 Leave a comment
In the Commercial Builders Risk Coverage Form and Policy, the insurer determines the value of the covered building at actual cash value at the time of loss. Coverage is provided on buildings and structures while under construction. It provides protection during the process of construction but terminates either 90 days after completion or 60 days after any structure is occupied in whole or in part.
The coverage is written on a Completed Value Form with a Reporting Form Endorsement available. The form is written equivalent to 100% coinsurance.
If you have a Commercial Property, make sure you have Commercial Builders Risk Coverage insurance.
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About Karen W. Schneider
