What does Rolling Wrap Up mean? Read on to discover the definition & meaning of the term Rolling Wrap Up - to help you better understand the language used in insurance policies.
Rolling Wrap Up
An ongoing, or rolling, controlled insurance program (ROCIP). Usually used to refer to a controlled insurance program (CIP; wrap-up) that insures an ongoing construction program covering multiple projects. Projects are rolled into and out of the program as they are started and completed. The date projects are removed from the program can vary but most provide an extended period of completed operations coverage.
We hope the you have a better understanding of the meaning of Rolling Wrap Up.