IM 7050 Builders' Risk Coverage - Scheduled Jobsite Form - Comprehensive Form

An American Association of Insurance Services (AAIS) standard form. Builders' risk coverage form for buildings or structures under construction at scheduled jobsites, covering direct physical loss to the structures and related materials unless excluded, with coverage extensions, supplemental coverages and catastrophe limits.

1. 07 20 edition

   Jul 2020, compared with 08 12Latest edition

   • Waterborne property is no longer covered on the Mississippi River, United States coastal waters, or waters around the Hawaiian and Aleutian Islands.

     08 12

     Not in this edition

     07 20

     “"We" do not cover waterborne property while on the following bodies of water”

   • The catastrophe limit can now be set as separate limits for builders' risk and delay in completion coverage, or as one combined limit for both.

     08 12

     Not in this edition

     07 20

     “if Separate Catastrophe Limits is indicated on the "schedule of coverages"”

   • Unless otherwise noted, the deductible does not apply to the supplemental coverages.

     08 12

     Not in this edition

     07 20

     “Unless otherwise noted, the deductible does not apply to the following described Supplemental Coverages.”

2. 08 12 edition

   Aug 2012, compared with 12 01

   • Limited fungus coverage is added, with its own limit.

     12 01

     Not in this edition

     08 12

     “Limited Fungus Coverage”

   • A supplemental coverage pays up to $5,000 to re-erect scaffolding after a covered loss to a covered building or structure.

     12 01

     Not in this edition

     08 12

     “to re-erect scaffolding is $5,000”

   • A catastrophe limit caps the total paid in any one occurrence regardless of how many buildings or jobsites are involved.

     12 01

     Not in this edition

     08 12

     “any one occurrence is the Catastrophe Limit”

1 other edition date appears in one or two filings each, often carrier-specific versions: 04 04.

Where filings record what this form replaced, they name earlier edition 08 12. Only some filings record replacements.

• Edition in use: in the past 12 months, 1 company filed the 07 20 edition.
• IM 70 61 (Delay In Completion Coverage Part) is filed alongside it most often, in 67 of the same filings (97%).

Data from admitted P&C filings with state insurance departments, submitted Oct 2021 to Mar 2026, excluding withdrawn and rejected filings. One filing can cover several affiliated companies.

• Liberty Mutual GroupUses IM 7050 in 2 filings

• IM 70 61Delay In Completion Coverage Part67 filings
• IM 70 51Builders' Risk Coverage - Scheduled Jobsite Form66 filings
• IM 70 55Schedule of Coverages - Builders' Risk - Comprehensive Form66 filings
• IM 70 62Delay In Completion Schedule66 filings
• IM 70 56Schedule Of Coverages - Builders' Risk65 filings
• IM 70 53Builders' Risk Coverage - Builders' Risk And Installation Floater Form60 filings
• IM 70 58Schedule Of Coverages - Builders' Risk And Installation Floater60 filings
• IM 70 70Rehabilitation And Renovation Coverage Endorsement57 filings
• IM 70 84Mortgageholders Endorsement57 filings
• IM 70 63Permission To Occupy Endorsement56 filings