Construction Insurance or builders risk insurance protects a new home against loss while it is under construction.
New homes under construction or even homes being renovated are quite vulnerable to loss.
New homes are subject to many different risks while under construction. They may catch fire, be damaged by high winds, vandalism, theft, or other extraordinary events or circumstance beyond your control as a homeowner or owner builder or that of the General Contractor.
Having home building insurance is required by all...read the rest.