Brick Veneer Construction
Updated: 13 November 2024
What Does Brick Veneer Construction Mean?
Brick veneer construction refers to a building with an outer wall made of wood, covered by an exterior layer of brick. Since brick veneer buildings are considered less flammable than all-wood structures, they typically cost less to insure.
Insuranceopedia Explains Brick Veneer Construction
Despite significant advances in modern technology over the past few centuries, buildings continue to be destroyed by fires each year. A fire can completely devastate a building, often triggered by something as simple as an unattended candle. Brick veneer construction helps reduce the likelihood of such total losses by fire. As a result, insurance companies are typically willing to charge lower premiums to cover these buildings.
Related Definitions
Related Terms
Related Articles
How to Protect Your Business From Coverage Gaps Related to Equipment Breakdowns
The Future of Insurtech: How Technology is Transforming the Insurance Industry
Inside the Details of Auto Transport Insurance: An Expert Interview
Expert Insights: The Ins and Outs of Moving Insurance
Interview With Todd Taylor On Strategizing Large Group Health Insurance
Future Trends in Pain Management Billing and Insurance: Adapting to Change
Related Reading
Revealing the Most And Least Popular U.S. Insurance Companies
How to Get Into the Insurance Industry With a Finance Degree