Construction all risk insurance

Construction all risk insurance offers insurance protection for all types of construction including, e.g. general building above and below ground level and civil engineering projects. In addition to new construction projects, building extensions and modifications, reconstructions and renovations may also be covered.

This provides all-risks coverage; in other words, it consists of insurance protection against all unforeseen damage to the insured structures, to the extent that their cause is not expressly excluded.

In particular, insurance coverage is provided for the following:

Unusual weather conditions (heavy rainfall, storms, hail and frost)
Additional natural disasters such as earthquakes, landslides, floods and high water
Damages due to errors caused by construction and/or materials
Ineptitude, negligence and malice
Wanton destruction by third parties, e.g. vandalism
Theft of securely built-in or securely locked parts (optional)
Glass breakage (optional)
Internal unrest, strikes and lock-outs (optional)
Fire, lightning or explosions (optional)

The significant exclusions are: