This policy offers comprehensive cover by covering risks that may arise during the construction period. It gives financial protection to the civil contractors
This policy offers comprehensive cover by covering risks that may arise during the construction period. It gives financial protection to the civil contractors
Why do you need it?
Contractors all risk offers comprehensive insurance cover for civil engineering projects where the value of civil works is more than 50% of the total contract value.
Construction all risk policy operates during storage, erection/construction till completion and the handing over of the works to the principal.
Material Damage: Under this loss, damage, or destruction of property incurred due to any cause other than those excluded in the policy in are covered. Most of the policies pay for the losses or damage up to a certain amount that does not exceed the sum mentioned against every item and does not exceed the total sum insured.
Third-Party Liability: Under this, the coverage towards:
I would strongly refer Akshay to all those who have any general Insurance requirements, also strongly recommend every individual to increase their medical covers to Rs 1 crore using the wonderful Super Top Up option.
Sudhir Shenoy
Financial Planner
Mr. Akshay Manoharan guided and explained in detail in choosing the best policy from 3 to 4 options and the process of payment and getting the insurance papers were seamless We wish the very best of luck for Policy Kraft and guide a lot of people like us in choosing the best policies from the enormous ocean of options
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