If the form states only that the coverage ceases when the building is complete (or if the building is not yet occupied), the word “complete” would take its lay meaning since it is not defined on the policy.

Merriam Webster Online defines complete as, among other definitions, “a: having all necessary parts, elements, or steps…4 a: fully carried out: thorough.” These definitions indicate the project should be fully finished in order to qualify as “having all necessary parts” or “being fully carried out.”

In general, trim and knobs are not thought to equate with “having all necessary parts” or construction completion. Construction completion implies construction crews being gone, heavy equipment being taken away, and other similar actions. So, when such actions occur, the project is complete, and the Builders Risk form provides coverage for ninety days past that point, even if some minor trim work remains to be done.