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A builders risk insurance policy is designed to provide coverage for buildings and structures during the course of construction or renovation. Unlike a traditional property insurance policy, the builders risk policy covers more than just an existing structure.

It covers the contractor's interest in materials at the job site before they are installed, materials in transit intended for the job, and the value of the property being constructed until it is completed and accepted by the owner.

Often known as a comprehensive insurance policy, an all-risk property insurance policy offers you coverage in the event of those losses or damages which arise due to perils that you do not anticipate, i.e., those perils which do not fall under the named peril list.

BAR stands for Builders All Risk (Insurance)

A builders risk coverage form provides protection against losses on the building, equipment, and supplies, but not to accidents on the job, the land, scaffolding, and theft. The policy does not cover war, nuclear hazards, extreme weather, or government seizure.

Builder's risk insurance, also known as course of construction insurance, is a specialized type of property insurance that helps protect buildings under construction.

Builder's risk insurance is a form of property insurance that covers property on construction sites (e.g., the building in progress, surrounding area, etc.). It typically covers the cost of property damage during construction due to accidents, fire, theft, natural disaster and vandalism.

Builder's risk insurance covers the cost of damage caused by non-severe weather events, such as wind, rain, and hail. Example: Freezing rain damages the lumber on a construction site. The carpenter is responsible for replacing it, so he turns to his builder's risk insurance to cover the cost.