What does Construction Insurance mean? Read on to discover the definition & meaning of the term Construction Insurance - to help you better understand the language used in insurance policies.
Construction insurance is insurance protection that provides financial compensation for covered losses to a building or structure, as many mistakes, errors, and unforeseen events can lead to damages and losses during the construction of a building. Construction companies or other parties who have an interest in the property being built commonly purchase it.
We hope the you have a better understanding of the meaning of Construction Insurance.