Building Materials & Supplies of Others (Builder's Risk Coverage)

Coverage for material and supplies owned by others is limited to $5,000 — an additional amount of insurance — at each described premises and losses to property of this kind are settled for the account of the owner of the property. In order for this coverage extension to apply, the property of others must be in the insured’s care,custody or control and located in or on the described building, or within 100 feet of the premises.

The property must be intended to become a permanent part of the building, which precludes coverage for the builder’s machinery and equipment.