> For the complete documentation index, see [llms.txt](https://underwriting.homium.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://underwriting.homium.io/insurance/property-and-flood-insurance/master-insurance-requirements-for-properties-in-a-project/builder-developer-property-insurance-policies.md).

# Builder/Developer Property Insurance Policies

When a project is under development, it may be covered by the builder/developer's property insurance policy if the policy provides equivalent coverage to the requirements for project developments in this topic. When property coverage ceases per the terms of the builder/developer's policy, the HOA must obtain a master property insurance policy in accordance with Homium’s requirements. 

Separate projects under development by the same developer will be considered affiliated during the period when control of the project has not yet transferred from the builder/developer to the individual owners or related HOA . The affiliated status of the subject project ends when the property coverage ceases per the terms of the builder/developer's policy.