Navigating Builders Risk Delay in Opening Coverage and Claims
Update: 2025-06-12
Description
Builders risk policy forms vary significantly, and one of the most misinterpreted elements of these forms is the "delay in opening" coverages. Join The Edge of Risk Podcast by IRMI with Jake Parsons, managing director of disputes, claims, and investigations at Stout, in an informative discussion on time element losses in builders risk policies. In this 24-minute episode, Mr. Parsons provides a high-level summary of the three main types of delay in opening coverages, highlights important coverage extensions, and gives examples of typical yet significant exclusions. He also offers helpful tips for insureds to navigate a delay claim.
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