building under construction definition
building under construction means a building in respect of which building operations are carried on;
building under construction. “Building” for not more than $50,000 on new additions, new buildings, and new structures and intended for agricultural occupancy. This limit of insurance attaches at the date that construction begins and extends until:
(i) the inception of more specific insurance; or
(ii) the expiration of this policy; or
(iii) for a period of 60 days; whichever occurs first. Items covered under (f) and (g) are not subject to the terms of the Coinsurance Clause in this Form. If the Declaration Page indicates that Limited Debris Removal Only Cost Coverage applies to a specific building or structure we agree to indemnify you, up to the amount of insurance specified for the specific building, for the cost of removing debris of this specific insured building or structure when the building or structure has been damaged or destroyed by one of the following insured perils as defined and limited.