A Builders Risk policy on a commercial building project will automatically terminate WITHOUT endorsement when:

Why this is the answer

Builders Risk (also called Course of Construction) insurance covers property while it is under construction. Coverage attaches when materials are being incorporated into the structure or stored on the job site. Under the ISO form, coverage ends without endorsement on events such as: (1) Occupancy — 60 days after any part of the building is occupied or put to its intended use (and in any case 90 days after construction is complete, or when a purchaser accepts the building); (2) Abandonment — when construction is permanently stopped; (3) Policy expiration — the standard policy period, typically 12 months. Insureds must request an endorsement for partial occupancy or extended construction timelines. See FL Outline §I.C.4.