Builders risk insurance, Build Strong Contractors is hired

Builders risk insurance

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Reference no: EM134045056

Question

Build Strong Contractors is hired by TJ, Inc., to build a clubhouse and three apartment buildings. Build Strong agrees to provide the builders risk insurance. TJ wants to complete the clubhouse first and then begin renting apartments as each building is completed. However, the builders risk insurance policy contains a strict occupancy provision. To avoid a lapse in coverage, Build Strong should have a provision inserted into the construction contract that.

Reference no: EM134045056

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