Common use of BUILDERS’ RISK (PROPERTY) INSURANCE Clause in Contracts

BUILDERS’ RISK (PROPERTY) INSURANCE. a. Subcontractor shall be liable for damage to its work until acceptance by the Owner. b. Subcontractor shall be responsible for its pro-rata share of any applicable deductible for builders risk claims. c. Subcontractor shall waive rights of subrogation with respect to any claims involving the builder’s risk/property insurance maintained by the Owner, or XX Xxxxx, or Subcontractor.

BUILDERS’ RISK (PROPERTY) INSURANCE. a. Subcontractor shall be liable for damage to its work until acceptance by the Owner. b. Subcontractor shall be responsible for its pro-rata pro‐rata share of any applicable deductible for builders risk claims. c. Subcontractor shall waive rights of subrogation with respect to any claims involving the builder’s risk/property insurance maintained by the Owner, or XX XxxxxContractor, or Subcontractor.