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ADDENDUM TO CONSTRUCTION CONTRACT
BUILDERS RISK INSURANCE: A Builders Risk and boiler and Machinery Coverage will be obtained by
OWNER to cover the project. Any payment under Builders Risk or Boiler
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What is builder s risk insurance?
Builder's risk insurance is a type of property insurance specifically for buildings under construction or renovation.
Who is required to file builder s risk insurance?
Typically, the builder or developer is required to file builder's risk insurance to protect against potential losses during the construction process.
How to fill out builder s risk insurance?
Builder's risk insurance can be filled out by providing information about the project, such as the location, value of the construction, duration of the project, and any special requirements.
What is the purpose of builder s risk insurance?
The purpose of builder's risk insurance is to protect the project owner, builder, and other parties involved in the construction process from financial losses due to damage or theft during construction.
What information must be reported on builder s risk insurance?
Information such as project details, construction value, project duration, location, and any special requirements must be reported on builder's risk insurance.
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