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Author Question: What types of items are excluded from builder's risk insurance policies? What will be an ideal ... (Read 53 times)

stock

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on: Jul 26, 2018
What types of items are excluded from builder's risk insurance policies?
 
  What will be an ideal response?

Question 2

A(n) __________________ is/are a contract form that has been developed by the property owner's legal representation that can be used for multiple projects performed by the same service provider by simply attaching the service provider's proposal to the agreement.
 
  A. contract specifications
  B. contractor provided contract
  C. agreement for service
  D. quality vendor contract


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akemokai

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Reply #1 on: Jul 26, 2018
Answer to Question 1

The typical exclusions to builder's risk policies are XCU exclusions - explosions, collapse, and underground damage. Other exclusions might include:

a) freezing
b) glass breakage
c) earthquakes
d) subsidence
e) floods
f) nuclear radiation
g) cost of correcting defective workmanship
h) losses during testing
i) loss or damage due to errors or omissions

Answer to Question 2

C


stock

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Reply #2 on: Jul 26, 2018
Both answers were spot on, thank you once again


akemokai

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Reply #3 on: Jul 26, 2018
Great! Please up vote :D


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