BUILDERS RISK HULL INSURANCE
\bˈɪldəz ɹˈɪsk hˈʌl ɪnʃˈʊ͡əɹəns], \bˈɪldəz ɹˈɪsk hˈʌl ɪnʃˈʊəɹəns], \b_ˈɪ_l_d_ə_z ɹ_ˈɪ_s_k h_ˈʌ_l ɪ_n_ʃ_ˈʊə_ɹ_ə_n_s]\
Definitions of BUILDERS RISK HULL INSURANCE
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A protection policy pertaining to when a ship is in the builders' hands. Coverage can be all-inclusive, excluding defects and destruction through war. It protects against both pre- and post-launch disasters. Builders can choose a policy which covers the total amount of the finished product (Completed Form), or a policy which is adjusted upwards as work is completed (Reporting Form).
By Henry Campbell Black