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delayed completion coverage

Typically written as part of a builders risk or marine cargo policy, delayed completion coverage insures against 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 beyond the expected completion date as a result of covered property damage. Delayed completion coverage is sometimes referred to as delay in start-up (DSU), delayed opening, soft costs, or advance loss of profits (ALOP) coverage.


Links for IRMI Online Subscribers Only: CRM Delayed Completion and Soft Costs Coverage

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