Soft Cost Coverage
Soft Cost or Delay in Opening:
Insure for the Potential Exposure
This edition of Adjusting Today features an in-depth article that addresses the all-important topic of soft cost or delay in start-up coverage. Author Tony D´Amico has more than 30 years of experience in the insurance industry and is certified as a Senior Professional Public Adjuster (SPPA). He brings his specialized expertise to bear on what is today considered a highly important, but often overlooked, facet of coverage.
"In the context of builders risk insurance, soft costs are related to those costs arising from a delay in the completion of the project."