WHAT IS INSURED?

BASIC GUARANTEES:
The policy insures repair costs to the building for the period of ten years which starts on the day of provisional acceptance or final acceptance for damage which can be classified under the ten-year liability of the insured parties.

ADDITIONAL GUARANTEES:
The policy also standard provides an intervention for repairs costs of parts which do not belong to the rough structure (finishing, installations ..) as a result of a covered claim. This intervention will depend on the value of the closed rough structure up to a certain amount.
In second rank, the policy also intervenes for damage to third parties which is the result of an insured claim governed by the above-mentioned basic guarantee. Strictly speaking this is damage which can be recovered from the liable architect, contractor or engineer on the basis of article 1382 Civil Code.
Any consequential loss with neighbours due to a claim covered by the basic guarantee is also a possible extension. The neighbours can also address the project developer directly on the basis of article 544 Civil Code.
The basic guarantee can be further extended with a coverage for immaterial consequential loss stemming from a claim covered by the basic guarantee.

CONTACT

WHO IS THE POLICYHOLDER AND WHO IS INSURED?

• Policyholder: project owner, contractor or project developer
• Insured parties: everyone who is liable to claims under the 10-year liability is included in the policy as an insured party.

SUM INSURED

The sum insured is based on the estimated value of the rough structure (water and wind-tight) including the total fees and non-recoverable VAT.
The final value of the works will be specified after the delivery. The final policy will be drawn up and the premiums settled on the basis of this value.

INSPECTION OF THE WORKS

An inspection of the works is always required in the context of the policy. This will be performed by Protect itself or by an external inspection agency recognised by Protect. The type of inspection depends on the size of the value of the works to be insured.
For small works the cost of the inspection is included in the insurance premium. For other works the policyholder pays the costs directly to the inspection agency.
The advice of the inspection agency shall be decisive for the insurability of the construction.

INSURANCE TERM

The policy starts at the time of acceptance. The special terms and conditions of the policy shall determine whether this is the date of the provisional or final acceptance. From that date specified in the special terms and conditions, the coverage continues uninterruptedly for 10 years.

PRICING REQUEST

For a quotation we need the following documents:

• A fully completed insurance proposal
• The architectural plans
• The probing report
• The stability study

CONTACT