delayed completion coverage
Time element coverage for property under construction, also referred to as
delayed or delay in start up (DSU), delayed opening, soft costs, or advance
loss of profits (ALOP) coverage. Delayed completion coverage covers income loss
or specified additional expenses (such as additional interest charges and advertising
expenses) that result from a delay in the completion of a construction project
when the delay is caused by covered property damage. It is typically written
as part of a builders risk or marine cargo policy.
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CRM VII.A;
CPI IX.J