Builders risk

In practiceA partially built structure is damaged by fire or a windstorm before hand-over, and builders risk covers it during the course of construction.

Not coveredLosses after the project is complete and occupied belong on a property policy, not this one.

In practiceLumber and fixtures are damaged in a storm on site or stolen from the delivery truck, and materials coverage responds.

Not coveredTheft by your own employees is typically excluded.

In practiceVandals or a hailstorm hit the job mid-build, and the policy covers fire, theft, and weather damage during construction.

Not coveredElevated risks you didn't state (flood on a beachfront lot, quake near a fault) and worker injuries aren't covered.

In practiceA covered loss pushes your timeline and adds interest and permit costs, and optional soft-cost coverage helps with those delay expenses.

Not coveredPolicy terms usually don't allow repeated timeline extensions, so delays have limits.