Not in the base form. That is soft cost and delay in completion coverage, added separately. The base policy pays to repair the damaged work. It does not pay the consequences of finishing late: extended loan interest, additional architect and engineering fees, permit renewals, real estate taxes, or the rent or sale proceeds that arrive months behind schedule. Those are funded by soft costs and delay endorsements, each with its own limit and waiting period. On a financed project the lender is often the party who cares most about this.
Related FAQs
Not typically. Those are usually excluded and may be added or arranged separately where available.
Often yes, including materials on site and frequently in transit or storage. We will confirm the limits.
It is typically written for the construction period and may be extended if the project runs long. We will match the term to your schedule.
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