Common use of Builder's Risk Coverage Clause in Contracts

Builder's Risk Coverage. The Contractor shall take out and maintain during the life of this Agreement a "Builder's Risk Policy" completed value form issued to provide coverages on an ‟all risk” basis, including: • Theft Coverage, and flood insurance where specified in the Contract Documents. • A waiver of any co-insurance or deductible requirements. • Off-site storage, transit and installation risks. • Coverage of the interests of all parties, including the Contractor, Owner, Subcontractors, Sub-subcontractors and suppliers. • A provision that the coverage shall not be lapsed or canceled due to occupancy by the Owner prior to final acceptance and payment by the Owner. • The Owner being named as an additional insured.

Builder's Risk Coverage. The Contractor shall take out and maintain during the life of this Agreement a "Builder's Risk Policy" completed value form issued to provide coverages on an ‟all risk” basis, including: •  Theft Coverage, and flood insurance where specified in the Contract Documents. •  A waiver of any co-insurance or deductible requirements. •  Off-site storage, transit and installation risks. •  Coverage of the interests of all parties, including the Contractor, Owner, Subcontractors, Sub-subcontractors and suppliers. •  A provision that the coverage shall not be lapsed or canceled due to occupancy by the Owner prior to final acceptance and payment by the Owner. •  The Owner being named as an additional insured.

Builder's Risk Coverage. The Contractor shall take out and maintain during the life of this Agreement a "Builder's Risk Policy" completed value form issued to provide coverages on an ‟all risk” basis, including: • Theft Coverage, and flood insurance where specified in the Contract Documents. • A waiver of any co-insurance or deductible requirements. • Off-site storage, transit and installation risks. • Coverage of the interests of all parties, including the Contractor, Owner, Subcontractors, Sub-Sub- subcontractors and suppliers. • A provision that the coverage shall not be lapsed or canceled due to occupancy by the Owner prior to final acceptance and payment by the Owner. • The Owner being named as an additional insured.