This insurance covers any loss or damage that occurs to the insured object during the development or construction period against all risks except of those excluded in the policy
It protects you from any material damage and liability for your project.
Loss of or damage caused by:
The legal liability of the Insured against third party that may arise as a result of:
a. Bodily Injury to third party
b. Material damage to property belongs to third party
Contract value
Period of work
Scope of work
Other factors
Fire, direct lightning
chemical explosion (except flue gas explosions in boilers)
theft
collapse of buildings
flood
earthquake
Note: This list is non-exhaustive. Please refer to the sample policy contract for the full list of exclusions under this policy.
This is general information and is not an insurance contract/agreement. Detail terms and conditions will be referred to the policy. It is crucial that you read and understand the policy's terms and conditions well.
You might find your answers in FAQs.
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Sangkalan
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