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Builder’s Risk is a type of property insurance that focuses on providing coverage for buildings during the construction process. This insurance plan is important for anyone looking to be involved both financially and physically in the operation, including architects, engineers, contractors, subcontractors, building owners, or property owners. In this protection plan, insureds are covered against damage or loss of equipment, materials and/or fixtures that are used during construction or renovation. Builder’s Risk coverage is applied prior to acceptance and delivery of the building to the owner.