When does builders risk coverage end?

Builders risk policies are written for a specific construction period, typically 6, 9, or 12 months. The coverage ends at the earlier of three triggers: substantial completion (the construction is essentially done and the building is ready for use), occupancy (the building is being used for its intended purpose, like the owner moving in or a tenant starting business operations), or the policy expiration date. After any of these triggers, builders risk coverage stops, and the appropriate permanent policy must be in place. For a residential build, this means transitioning from builders risk to homeowners insurance the same day. For a commercial build, transitioning to commercial property or a business owners policy. Gaps in coverage at the transition can be expensive if a loss happens in the gap, so coordinate the changeover precisely.