• Delayed completion insurance is usually taken out as part of a builders or sea charter insurance policy. Delayed Completion Insurance insures against loss of income or certain additional costs (such as additional interest and advertising costs) resulting from the delay in completion of a construction project. outside the expected completion date as a result of covered property damage. Deferred termination coverage is sometimes referred to as Deferred Start (DSU), Deferred Opening, Soft Costs, or Lost Profit Advance Coverage (ALOP).