When does coverage under the Builders Risk-Broad Form policy typically end?

The Builders Risk-Broad Form policy is specifically designed to provide coverage for buildings under construction or renovation. This type of insurance typically protects against risks such as damage due to fire, vandalism, or certain types of weather events. The coverage under this policy generally ends when the construction project is considered completed, which is often marked by the building being fully occupied.

This conclusion is aligned with the fundamental principle of the policy, which is to insure the structure and materials during the construction phase until they are ready for use. Once the occupation begins, the risks and liabilities transfer, often to a different type of insurance, such as a general liability or property insurance for a completed building. Thus, the completion and occupation of the project signify a key milestone, culminating in the end of coverage under the Builders Risk-Broad Form policy.