A

So far as the building owner's interests goes, we see no reason to have separate builders risk coverage applying in conjunction with a standard commercial property policy on renovations to an existing covered building.

The standard commercial property form covers additions under construction, alterations, and repairs to the building or structure. It further covers materials, equipment, supplies, and temporary structures, on or within 100 feet of the described premises used for making additions, alterations, or repairs to the building. Note, however, that coverage for these items applies only if not covered by other insurance. Therefore, if the owner bought separate builders risk coverage on such a project, there would be no coverage under the commercial property form.

The policy, however, covers property owned by the insured. There would be no coverage, for example, of equipment or tools or a contractor unless the tools could be said to be in the care, custody, or control of the insured (and therefore covered as personal property of others).

We see no good reason for arranging builders risk coverage for the owner's interest in renovations to premises already insured by the commercial property form.