Why was Veronica's Builder's Risk Coverage Form terminated?

The termination of Veronica's Builder's Risk Coverage Form due to the property being abandoned is a valid reason under most insurance policies. Builder's Risk insurance is specifically designed to cover buildings under construction, but it requires that the project is actively being worked on. When a property is abandoned, it typically signals that no further construction activities will take place, which undermines the purpose of the insurance. Insurers typically require ongoing activity to justify coverage, and once that activity ceases, the insurer may view the risk as significantly higher or may not be willing to cover an inactive project. This leads to the conclusion that if the property is no longer being actively constructed, the coverage is no longer applicable, and thus, it would be right to terminate the policy.

In contrast, the other options address different scenarios that do not align with standard reasons for termination of a Builder's Risk policy. For example, the idea that more than 30 days have passed since construction began may not automatically trigger termination unless specified within the policy, and coverage aspects concerning extra expenses or other coverage forms generally do not supersede Builder's Risk coverage in a way that would lead to termination.