What is testing coverage in builder's risk insurance?

It covers damage that occurs during the testing of building systems, like HVAC or electrical systems.

Testing coverage provides protection for materials or equipment being tested during construction, such as HVAC systems or electrical components.

An insurer rejects a claim for worn-out tools, as normal wear and tear is excluded from builder's risk coverage.

Consult with a tax professional to ensure you deduct builder's risk insurance premiums correctly as a project expense.