Property & Casualty Exam Prep 42, Builders Risk and Installation Floaters

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The function of a Builders Risk policy for buildings under construction, including covered property like temporary structures and materials in transit. - How an Installation Floater specifically covers a contractor's materials and equipment during transport and installation. - The critical differences between Builders Risk, which covers the entire project, and Installation Floaters, for specific components. - The five key triggers that cause a Builders Risk policy to terminate, a common topic for exam questions. - A high-level overview of soft costs, such as lost rental income or additional loan interest, which can be covered by endorsement. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep