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My question concerns a coverage dispute as to when coverage on an ISO installation floater ceases. In this scenario, a contractor was constructing a structure. They were hired to construct a building for a landowner. They installed 75 percent of the roof trusses to be installed. That evening, high winds damaged the structure. Coverage was denied as those roof trusses were already installed and thus, coverage should be afforded on a builders risk policy at that point. The floater states, “Covered property does not include a. property on your premises unless intended to be installed at any described job site.”

Since these roof trusses were no longer intending to be installed (they had in fact been installed), coverage was not afforded. What is your opinion as to when coverage ceases on the installation floater and needs to be covered under a builders risk form?

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