When does coverage under the builders risk form typically end?

The coverage under a builder's risk form typically ends 60 days after the constructed building is occupied. This timeframe allows for a significant period during which the building can undergo the finishing touches and be prepared for its intended use, ensuring that any potential losses that could occur during this occupancy period are covered. Builder's risk insurance is designed to protect against certain risks that occur during the construction process, but once the building is completed and occupied, the risk profile changes, and different insurance policies typically take over, such as a homeowners or a commercial property policy.

The fact that coverage extends specifically for 60 days following occupancy provides a clear line of demarcation for both builders and property owners about the transition from construction to permanent occupancy and the types of risks covered during this timeframe. This ensures that both parties have a clear understanding of their insurance needs and respective responsibilities once a building is deemed ready for use.