What is the coverage amount for fire department service charges under the builders risk coverage form?

The coverage amount for fire department service charges under the builders risk coverage form is set at $1,000. This specific provision is included to help cover costs incurred when a fire department responds to and extinguishes a fire at a construction site. Builders risk insurance commonly includes this coverage as part of its commitment to safeguarding the investment made in a property under construction, reflecting the additional expenses that can arise from emergency services.

It's essential for builders and property owners to understand this aspect of their insurance policy, as it can mitigate unexpected financial burdens associated with fire department charges, which may not be covered under other provisions. Building projects can be vulnerable to fire risks, and having adequate coverage for these additional costs is a critical component of overall risk management.