What does builders risk coverage form mean?

builders risk coverage form meaning in Law Dictionary

commercial residential property protection form created specifically for buildings in the course of building.

builders risk coverage form meaning in Business Dictionary

insurance coverage that addresses the building, renovating, or renovation of commercial and residential structures. This usually safeguards the contractor or designer from the loss, and may cover proprietors and. The coverage is bought within the very first 30 percent of the project, and stops with owner possession, 90 days after completion, or abandonment.