7Cover period under policy or certificate

7 Cover period under policy or certificate (1) This regulation prescribes the period for which a policy or certificate must provide cover for losses incurred as specified in the policy or certificate (the cover period). (2) The cover period for the non-completion of guaranteed work under a contract is the same as the relevant effective period under regulation 7(2) of the Building Dispute Resolution Regulations. (3) The cover period for defective guaranteed work is the total of the following 2 periods: (a) the relevant construction period mentioned in regulation 7(4) and (5) of the Building Dispute Resolution Regulations;