builders risk hull insurance
Definition
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.
Related Articles
- What is Investing? *
- Sizing up a Financial Advisor *
- Types of Retirement Plans *
- Looking For and Selecting a Tax Professional *
- Tax Implications of Different Types of Investments *
- FAFSA Guide *
- What is a C Corporation? *
- Overview of Credit Reports and Their Content *
Related Videos
http://www.businessdictionary.com/definition/builders-risk-hull-insurance.html
