Seguros y GravámenesPregunta 1482 de 1605
'Builder's risk' insurance (also called course-of-construction insurance) primarily protects:
a.The structure and materials under construction against fire, theft, wind, and similar perils during the project
b.The owner's permanent homeowner liability after occupancy
c.The contractor's liability to injured third parties
d.The contractor's employees
Explicación
Builder's risk (course-of-construction) insurance covers the building and materials while under construction against physical loss from perils such as fire, vandalism, theft, and wind. It is property coverage for the work itself, distinct from liability coverage.
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Preguntas relacionadas de este tema
- California law makes which type of insurance MANDATORY for any contractor who has employees?
- A licensed contractor who has NO employees but holds a C-10 electrical, C-8 concrete, C-20 HVAC, C-22 asbestos, or D-49 tree service classification must:
- The main purpose of a contractor's Commercial General Liability (CGL) insurance policy is to cover:
- A 'certificate of insurance' (COI) provided by a subcontractor to a prime contractor:
- When a prime contractor is named as an 'additional insured' on a subcontractor's CGL policy, the practical benefit to the prime is that:
- Which statement best distinguishes a SURETY BOND from an INSURANCE policy?
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Revisado por Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verificar)