Builders Risk Vs Units Under Construction

[insurance1822]

So I came across a dec page for a builders risk & the guy has like 4.8MM for "builders risk" and then another 3.5MM for "units under construction."

What's the difference? He builds townhomes.

 

[INSUREGEEK]

Many builders risk policies cover more than just the unit/s under construction. They often include time element coverages, construction trailers, stocked and in transit building materials, site prep work that does not directly affect the 'completed value' of the building, and additional costs incurred when there's a loss and a project has to be re-started.