Existing structures: Typically excludes coverage for existing buildings on the property where construction is taking place. Wear and tear: Does not cover damage from normal use, rust, corrosion, or faulty maintenance. Earth movement and flood: Often excluded, but additional coverage can sometimes be added by endorsement or separate policies. Acts of war or terrorism: These are typically not covered. Faulty design or workmanship: Does not cover the cost of repairing or correcting defects in design or construction itself. However, resulting damage to other property due to such defects might be covered by an "ensuing loss" provision. Employee theft: Losses due to theft by your own employees or subcontractors are generally not covered.