Builders Risk Insurance primarily protects against losses occurring to what?

Builders Risk Insurance is specifically designed to provide coverage for property that is in the process of being constructed. This type of insurance protects against risks that may occur during the building phase, such as fire, vandalism, theft, or other potential damages that could affect the construction site and the materials involved.

The focus of Builders Risk Insurance is on the construction project and its components, including the building materials on-site and the structure itself as it moves toward completion. This coverage is crucial for contractors, builders, and property owners who want to protect their investment during the construction process.

In contrast, options such as completed structures refer to buildings that have already been finished and would typically need a different form of insurance. Landscaping expenses are not covered under this policy, given their consideration as a separate component of property management rather than the construction itself. Lastly, next of kin claims would relate to personal injury or death claims, which are unrelated to the coverage intentions of Builders Risk Insurance. Thus, the correct answer aligns perfectly with the intended coverage scope of Builders Risk Insurance.