builders risk

Definition of "builders risk"
  1. Insurance covering potential damage to buildings or structures during construction, also protecting foundations, fixtures, machinery, equipment, and construction materials
How to use "builders risk" in a sentence
  1. The construction company purchased a builders risk policy to cover possible damage to the new skyscraper.
  2. To safeguard their investment, the company obtained builders risk coverage for the mall under construction.
  3. After the fire, they were thankful they had builders risk insurance to cover the cost of damage.

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