Common use of Builder's Risk Coverage Clause in Contracts

Builder's Risk Coverage. During the life of the project outlined under the Activation, the Construction Manager shall obtain and maintain a "Builder's Risk Policy" in completed value form, as a cost of the Project, issued to provide coverage on an "all-risk" basis including theft. This coverage shall not lapse or be cancelled and shall remain in force until the date of Substantial Completion for the entire project, or each building within the project, if applicable. Insurance shall be provided in the name of the Owner and Construction Manager. The Owner shall pay for all deductibles under the Builders Risk's Policy.

Builder's Risk Coverage. During Contractor shall take out and maintain during the life of the project outlined under the Activation, the Construction Manager shall obtain and maintain Project Agreement a "Builder's Risk Policy" in completed value form, form as a cost of the Project, issued to provide coverage coverages on an "all-all risk" basis including theft. This coverage shall not lapse be lapsed or be cancelled and shall remain in force until canceled because of partial occupancy by the date of Substantial Completion for the entire project, or each building within the project, if applicable. Insurance shall be provided in the name Owner prior to final acceptance of the Owner and Construction Manager. The Owner shall pay for all deductibles under the Builders Risk's PolicyProject.

Builder's Risk Coverage. During The Construction Manager shall take out and maintain during the life of the project outlined under the Activation, the Construction Manager shall obtain and maintain this Agreement a "Builder's Risk Policy" in completed value form, form as a cost of the Project, issued to provide coverage coverages on an "all-all risk" basis including theft. This coverage shall not lapse be lapsed or be cancelled and shall remain in force until because of partial occupancy by the date of Substantial Completion for the entire project, or each building within the project, if applicable. Insurance shall be provided in the name Owner prior to final acceptance of the Owner and Construction Manager. The Owner shall pay for all deductibles under the Builders Risk's PolicyProject.