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Ajax Builders Risk Insurance

Builder’s risk insurance, also known as course of construction insurance, is a type of property insurance that protects against physical loss or damage to a building or other structure during the construction process. It covers the building and materials while they are being used in the construction or renovation of a structure, and provides protection against losses resulting from fires, storms, theft, and other perils. Builder’s risk insurance is typically purchased by the owner of the property or the general contractor, and is often required by lenders as a condition of financing the construction project. It is an important form of protection for any construction project, as it can help to mitigate the financial risks associated with unexpected damage or loss during the building process.

Builders Risk Insurance