Extended completed operations lengthens the window during which completed-operations claims are covered. On an Owner’s Interest policy, this can run up to 10 years or the applicable statute of repose, whichever is less.
Statute of repose
A statute of repose sets an outer time limit for construction-related claims, varying by state. Aligning extended completed operations to that period helps ensure the owner has coverage available for as long as claims can realistically be brought. Because the period varies by jurisdiction, structuring this correctly is part of tailoring the policy to the project’s location.