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