Which event would trigger the end of a commercial property Builders Risk Coverage?

The situation that triggers the end of a commercial property Builders Risk Coverage is when the building is accepted by the purchaser. Builders Risk Coverage is specifically designed to protect buildings under construction, and its purpose is to cover losses that may occur during the building process. Once the construction is complete and the building is officially accepted by the buyer, the risk is considered to have transferred from the builder to the owner, meaning the coverage is no longer necessary.

The other choices represent milestones in the construction process, such as pouring the foundation or reaching a specific percentage of completion, but they do not signify the completion or acceptance of the building itself. Coverage remains in place until the building is either complete or fully accepted by the intended purchaser, at which point other forms of insurance would typically be put in place to cover the completed structure.