Which type of property is explicitly not covered under the Builder's Risk - Broad Form?

Which type of property is explicitly not covered under the Builder's Risk - Broad Form?

• A. Materials used in construction
• B. Contractors' tools on-site
• C. Trees and shrubs for landscaping
• D. Temporary buildings such as trailers

Answer: (B)

The Builder's Risk - Broad Form specifically excludes certain types of property from coverage to clarify what is protected under the policy during the construction phase. In this context, contractors’ tools on-site would typically fall outside the scope of a builder's risk policy, as they are generally considered personal property belonging to the contractor rather than part of the structure being built. Those tools are not integral to the construction itself and can often be covered under a different type of commercial policy, such as a contractors' equipment policy. This helps ensure that the specific risks and liabilities associated with tools are addressed appropriately, rather than being bundled into the broader construction coverage. In contrast, materials used in construction, trees and shrubs for landscaping, and temporary buildings such as trailers might be covered under the builder's risk policy, as they are either part of the construction process or directly contribute to the finished project.

The Builder's Risk - Broad Form specifically excludes certain types of property from coverage to clarify what is protected under the policy during the construction phase. In this context, contractors’ tools on-site would typically fall outside the scope of a builder's risk policy, as they are generally considered personal property belonging to the contractor rather than part of the structure being built.

Those tools are not integral to the construction itself and can often be covered under a different type of commercial policy, such as a contractors' equipment policy. This helps ensure that the specific risks and liabilities associated with tools are addressed appropriately, rather than being bundled into the broader construction coverage.

In contrast, materials used in construction, trees and shrubs for landscaping, and temporary buildings such as trailers might be covered under the builder's risk policy, as they are either part of the construction process or directly contribute to the finished project.