Bridge insurance

Bridge insurance,

Definition of Bridge insurance:

  1. Many government entities take out bridge insurance policies, as do the contracting companies that build the bridges. Bridge building is a high-risk endeavor with many lives and massive amounts of property at stake during construction and after the bridge is finished.

  2. Insurance that covers a structural bridge in the event of damage or destruction.

  3. Bridge insurance covers damage and destruction to a bridge in the event of fire, flood, explosion, etc. It does not typically cover damage due to war, built-in defects, or natural wear and tear.

How to use Bridge insurance in a sentence?

  1. Some of the largest construction projects ever have been bridge building projects.
  2. For large projects, a group of insurers and reinsurers most often band together to spread the risk around.
  3. Many government entities take out bridge insurance policies, as do contractors who build the bridges.
  4. With structures as expensive and complex as bridges, it's not simply a case of buying a policy and starting work—bridge insurers work closely with construction and maintenance firms on various issues.
  5. Bridge insurance covers damage to a bridge due to fire, flood, and explosions.

Meaning of Bridge insurance & Bridge insurance Definition