Kelsey, are you referring to your builder's policy or a builder's risk policy that you purchased? We purchased a builders risk that will turn into our homeowners policy when our home is completed. If this is your policy I would contact your insurance agent for your answer.
Your builder should have insurance that has continuous coverage that is renewed each year. I know our insurance agent was given a copy of our contractors insurance before our policy was written.

Our builder called it the "builder's risk policy." I think it was included in our loan?

Could someone explain "builder's risk insurance"?
We are trying to figure it out, as we will start our build beginning of June. Our current insurance company (AAA) does not provide builder's risk coverage...

Ideally, both you and your GC should have separate policies. The GC should have a general liability policy, and you should carry a builder's risk policy and some sort of liability coverage.

My situation is a bit abnormal, as I rent my primary residence in NYC, and am building a weekend place upstate. My renter's insurance includes liability coverage. This liability will cover any incidents that might occur on the upstate property during construction, PROVIDED that I purchase a homeowner's policy on the new construction. The homeowner's policy will cover any damage to the property (this is often referred to as a builder's risk policy). I will be increasing the coverage on the homeowner's policy each time a draw is made by the GC, and ownership of the materials is transfered to me (per the AIA contract we're using).

My provider is Allstate.

By the way, I'm no insurance expert, so everyone should feel free to let me know if I'm mistaken in any of the above statements.

We had builder's risk insurance and my agent said they (Allstate) would only insure us for one year under "builder's risk" and then we could switch to homeowners when the house was inhabited. Unfortunately it has taken us more than 3 years to complete this house so we only had the insurance for the period when the really heavy work was being completed, i.e, pilings be put in ground. The only reason we acquired the insurance than was for any damage that occurred to the neighbor's foundation as a result of the "banging." However, the company was very conscientious and came out with a meter to ensure the vibration wasn't traveling to the neighbor's property. A few months ago that same neighbor approached my DH and wanted to knwo who did the pilings as she had a crack in the side of the house and thought it was a result of the pile driving. My husband took one look at the crack and could see it was a result of her house "settling." He told her that and sure enough a few weeks later she came back to apologize and tell us she learned the crack was due to settling!! Most people who are building on this forum appear to be out in the middle of no where so you are lucky not to have to deal with neighbor's in close proximity.