Brick Veneer Construction
Updated: 11 March 2024
What Does Brick Veneer Construction Mean?
Brick veneer construction means that a building has an outer wall made up of wood that it covered by an outer layer of brick. Because brick veneer buildings are thought to burn less easily than their all-wood frame counterparts, they often cost less to insure.
Insuranceopedia Explains Brick Veneer Construction
Despite incredible advances in modern technology in the past few centuries, buildings are still leveled to the ground every year because of fires. A fire can completely devastate a building and it can be set off by something as innocuous as an unattended candle. Brick veneer constructed buildings reduces the likelihood of these total losses by fire; therefore, insurance companies are willing to charge lower premiums to cover them.
Related Definitions
Related Terms
Related Articles
How to Protect Your Business From Coverage Gaps Related to Equipment Breakdowns
Insurance Self-Service Portal: The Future of Customer Experience
Blockchain’s Impact on Transforming the Insurance Landscape
What Every College Student Should Know About Renters Insurance
Guidance for Nurses: Five Essential HIPAA Compliance Tips
Insuring Your Financial Future: the Crucial Role of Accounting in Insurance
Related Reading
What Students Need to Know About Insurance Coverage During Internships
A Roadmap for Students Interested in the Insurance Industry
Strong Identity Verification in the Insurance Sector
How to Avoid Online Insurance Scams
How to Get Into the Insurance Industry With a Finance Degree
The Role of Insurance in Protecting Educational Investments