Common use of Builder’s Risk Insurance Clause in Contracts

Builder’s Risk Insurance. Contractor shall provide a Builder’s Risk Policy to be made payable to the Owner and Contractor, as their interests may appear. The policy amount should be equal to 100% of the Contract Sum, written on a Builder’s Risk “All Risk”, or its equivalent. The policy shall be endorsed as follows:

Appears in 36 contracts

Samples: Construction Contract, Construction Contract, Construction Contract

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Builder’s Risk Insurance. Contractor shall provide a Builder’s Risk Policy to be made payable to the Owner and Contractor, as their interests may appear. The policy amount should be equal to 100% of the Contract Sum, written on a Builder’s Risk “All Risk”, or its equivalent. The policy shall be endorsed as follows: The following may occur without diminishing, changing, altering or otherwise affecting the coverage and protection afforded the insured under this policy:

Appears in 13 contracts

Samples: Construction Contract, Construction Contract, Construction Contract

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Builder’s Risk Insurance. Contractor shall provide a Builder’s Builder‟s Risk Policy to be made payable to the Owner and Contractor, as their interests may appear. The policy amount should be equal to 100% of the Contract Sum, written on a Builder’s Builder‟s Risk “All Risk”, or its equivalent. The policy shall be endorsed as follows: The following may occur without diminishing, changing, altering or otherwise affecting the coverage and protection afforded the insured under this policy:

Appears in 1 contract

Samples: Design Bid Build Construction Contract

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