Who Is Responsible for Builders Risk Deductibles?

Currently, we have a requirement that the municipality I represent be a named insured on builders' risk policies. It appears that we could be held responsible for the deductible on a builders' risk claim as a named insured. Is that correct?

If yes, then it seems we should limit the allowable deductible. Do you have a sense of what is the standard range of deductibles written on builders risk policies (i.e., what limit might be too low to be a practical maximum limit).

This premium content is locked for FC&S Coverage Interpretation Subscribers

Enjoy unlimited access to the trusted solution for successful interpretation and analyses of complex insurance policies.

  • Quality content from industry experts with over 60 years insurance experience, combined
  • Customizable alerts of changes in relevant policies and trends
  • Search and navigate Q&As to find answers to your specific questions
  • Filter by article, discussion, analysis and more to find the exact information you’re looking for
  • Continually updated to bring you the latest reports, trending topics, and coverage analysis