The Builder's Risk - Broad Form can be used to insure all of the following items, except one. Pick the Exception.
Understand the Problem
The question is asking which item listed is not covered by the Builder's Risk - Broad Form insurance. It involves understanding what types of coverage the insurance provides and identifying the exception among the options given.
Answer
d) contractor's tools and equipment.
The final answer is d) contractor's tools and equipment.
Answer for screen readers
The final answer is d) contractor's tools and equipment.
More Information
Builder's risk insurance typically covers physical loss or damage to structures and materials during construction, but not contractor's tools and equipment, which often require separate coverage.
Tips
A common mistake is assuming tools and equipment are included due to their presence on construction sites.
Sources
- 7 Things Not Covered by Your Builders Risk Insurance - citizensgeneral.com
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