Episode
Property & Casualty Exam Prep 42, Builders Risk and Installation Floaters
- Podcast
- Insurance Exam Prep
- Published
- Jul 14, 2026
- Duration seconds
- 185
- Processing state
not_requested- Canonical source
- https://open-exam-prep.com/
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Summary
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