Builders Risk Coverage definition

Builders Risk Coverage. (If Applicable)
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Builders Risk Coverage. Builder's Risk insurance is to be purchased to cover subject property for all risks of loss (including theft and sinkhole), subject to a waiver of coinsurance and covering off-site storage, transit and installation risks as indicated in the Installation Floater (below) and Transportation insurance described hereafter, ifsuch coverages are not separately provided. The Builders Risk insurance is to be endorsed to cover the interests of all parties, including the Cooperative and all contractors and subcontractors. The insurance is to be endorsed to cover testing and to grant permission to occupy. The liability limits shall not be less than Full Replacement Cost. The liability limits shall not be less than Full Replacement cost.
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Builders Risk Coverage. Builder’s Risk insurance is to be purchased to cover subject property for all risks of loss (including theft and sinkhole), subject to a waiver of coinsurance and covering off-site storage, transit and installation risks as indicated in the Installation Floater (below) and Transportation insurance described hereafter, if such coverages are not separately provided.
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Examples of Builders Risk Coverage in a sentence

  • Builder's Risk/Installation Floater The Contractor shall procure and maintain during the life of the Contract, or until acceptance of the project by King County, whichever is longer, “All Risk” Builders Risk Insurance at least as broad as ISO form number CP0020 (Builders Risk Coverage Form) with ISO form number CP0030 (Causes of Loss—Special Form) including coverage for collapse, theft and property in transit.

  • The Contractor’s Builder's Risk Coverage shall be on a special covered cause of loss form and shall include theft, vandalism, malicious mischief, collapse, false-work, temporary buildings and debris removal including demolition, increased cost of construction, architect's fees and expenses, flood and earthquake coverage, materials and equipment in transit, and all below and above ground structures, water and sewer mains.

  • The contractor shall procure and maintain during the life of the Contract, or until acceptance of the project by the City and the Water District, which ever is longer, “All Risk” Builders Risk or Installation Floater Insurance at least as broad as ISO form number CP0020 (Builders Risk Coverage Form) with ISO form number CP0030 (Causes of Loss – Special Form) including coverage for collapse, theft and property in transit.

  • Funds will be transferred from applicable Agency to ORM to pay the premium for the Builders Risk Coverage.

  • The Contractor shall procure and maintain during the life of the Contract, or until acceptance of the project by King County, whichever is longer, “All Risk” Builders Risk or Installation Floater Insurance at least as broad as ISO form number CP0020 (Builders Risk Coverage Form) with ISO form number CP0030 (Causes of Loss – Special Form) including coverage for collapse, and theft.

  • Builders Risk Coverage shall be provided in an amount equal at all times to the full contract value, including change orders, and cost of debris removal for any single occurrence.

  • The Builder's Risk Coverage shall include an endorsement permitting initial occupancy.

  • Should a loss be sustained under the Builders Risk Coverage, the Contractor shall act on behalf of the College and the Contractor for the purpose of adjusting the amount of such loss with the insurance companies.

  • The Builder's Risk Coverage shall be in the amount of the full replacement value of the Improvements and shall contain a deductible amount acceptable to Landlord.

  • The Contractor shall procure and maintain during the life of the Contract, or until acceptance of the project by King County, whichever is longer, “All Risk” Builders Risk or Installation Floater Insurance at least as broad as ISO form number CP0020 (Builders Risk Coverage Form) with ISO form number CP0030 (Causes of Loss – Special Form) including coverage for collapse, theft.

Related to Builders Risk Coverage

  • Lot coverage means the percentage of lot area covered by all buildings on the lot;

  • Property Insurance is defined in Section 6.10(a).

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • Asset Coverage means asset coverage, as determined in accordance with Section 18(h) of the 1940 Act, of at least 200% with respect to all outstanding senior securities of the Trust which are stock, including all Outstanding Series B Preferred Shares (or such other asset coverage as may in the future be specified in or under the 1940 Act as the minimum asset coverage for senior securities which are stock of a closed-end investment company as a condition of declaring dividends on its common stock), determined on the basis of values calculated as of a time within 48 hours (not including Saturdays, Sundays or holidays) next preceding the time of such determination.

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts: