Self-Build Insurance

Definition

  • An insurance policy purchased during the construction of a structure, or during an addition, a renovation or a conversion, to provide coverage for setbacks or problems involved in the construction project.

Synonyms
do-it-yourself insurance, construction insurance

Related Terms and Acronyms

  • Completed Operations Insurance Definition,
    • Insurance that provides protection against liability after contractual obligations have ended.
  • Completion Bond Definition,
    • Insurance purchased to make sure that an important project is completed, even if something unexpected happens, financial or otherwise.
  • Contractor Definition,
    • Someone that agrees to furnish materials or perform services at a specified price.
    • One who constructs or oversees construction of a house or a large renovation.
  • Cost-plus Contract Definition,
    • An agreement in which a construction contractor receives a fee based on a percentage of all costs paid for labour and materials.
  • Demolition Insurance Definition,
    • Insurance that covers demolition costs for an irreparably damaged building.
  • Developer Definition,
    • To develop or create something.
    • Companies that buy land and put up buildings for rent or sale.
  • Insurance (insur) Abbreviation,
    • An arrangement where one party provides financial protection to another party for specific damages or losses.
  • Property Insurance Definition,
    • Insurance that provides coverage for damages to property from a number of perils.
  • Subcontractor Definition,
    • A person or company that does specialty work for a general contractor.
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