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BUILDER'S RISK
Indemnifies for loss of or damage to a building under construction. Insurance
is normally written for a specified amount on the building and applies only
in the course of construction. Coverage customarily includes fire and extended
coverage and vandalism and malicious mischief. Builders risk coverage can be
extended to a "special" form as well. The builders risk policy also
may include coverage for items in transit to the construction site (up to a
certain percentage of value) and items stored at the site.
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