Builder's Risk Insurance
Does builder's risk insurance cover subcontractors' work?
Yes, it typically covers all work being performed on the project, but it's important to verify coverage specifics.
Dig deeper
Builder's risk insurance typically covers subcontractors' work if they are included in the policy. Ensure all parties involved in the project are accounted for in the policy.
Real World Example
A lender requires builder's risk insurance before approving financing for a new office building project.
Expert Considerations
File claims promptly and provide detailed documentation, including photos and receipts, to expedite the claims process.
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