Builders risk hull insurance

Builders risk hull insurance,

Definition of Builders risk hull insurance:

  1. An insurance policy purchased by ship builders and contractors to cover a boat before the owner takes possession. The insurance covers loss and liability from accidents, incomplete work, and mistakes. Prelaunch and post-launch accidents are covered, and the policy can reflect the startup value or the completed value of the ship.

Meaning of Builders risk hull insurance & Builders risk hull insurance Definition