Builders Risk – That Can’t Be Considered a Flood, Can It?
A claims adjuster told me a few years ago that flood is the most common uncovered builder's risk claim, but not in the traditional sense.
Builder’s Risk vs. “Properly Written” Builder’s Risk
Unfortunately, builders risk insurance doesn’t get the attention it deserves. Much more time is spent on general liability coverage and getting all of the needed endorsements. While all of the issues surrounding general liability coverage are very important to ensure a successful project, so are the issues surrounding a “properly written” builder’s risk policy.