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delayed completion coverage
An optional coverage provided by most builders risk/marine cargo policies. 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 as a result of covered property damage.
Additional Information
Delayed completion coverage is sometimes referred to as delay in start-up (DSU), delayed opening, soft costs, or advance loss of profits coverage.
Synonyms
soft costs coverage
