- We can insure existing structures in joint names for "All Risks" with an insurer that understands the physical perils that apply.
- We can insure the contract works, also in joint names, on the same basis as the existing structure.
- We can insure the homeowners' liability risk where a contingent exposure arises from the acts of the contractor.
- We normally give "all risks" coverage within the scope of a broad wording, nominal excesses and a very limited number of policy restrictions
- We normally encourage clients to use the scheme irrespective of the joint names clause. This gives the client;
| |
- Coverage for both the existing structure, the works and materials on a first party basis
- A consistent basis of settlement
- Only one insurer and one loss adjuster applies
- Only one excess
- Removal of grey areas as to what is existing structure and what is works or materials at the time of loss
- Only one point of contact to resolve the claim
- Option to extend coverage to insure "non negligence" type exposures
|
Please note that this summary is not intended as a full list of our policy conditions and exclusions. For full terms, conditions, exclusions and limitations please refer to our key facts and policy wording, available at the Document Centre
|
|
