"Builder's Risk Insurance Explained" (article)

Builder's Risk Insurance is a specialized type of property insurance that protects buildings under construction. It covers damages due to risks such as fire, theft, or severe weather during the construction process. This insurance is typically purchased by developers or contractors and helps ensure that financial losses from unexpected events don't derail a project. It usually covers the structure itself, materials on-site, and sometimes equipment, but it doesn't cover general liability or workers' injuries. Overall, Builder's Risk Insurance provides essential financial protection during the building phase until the project is completed and the property is occupied.