About This Policy
CAR Insurance covers construction sites and materials from damage or loss during the construction period. It safeguards the interests of contractors, developers, and financiers.
What's Covered
The policy includes physical loss or damage to construction works due to fire, storm, flood, theft, negligence, design faults, or accidental impacts. It also covers contractor’s plant, temporary sheds, and materials stored onsite. Burglary and terrorism cover are available to ensure 360° risk protection.
Key Features
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Key Features
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Covers civil works like buildings, roads, bridges, etc., Protection during construction, storage, and transit, Third-party liability and workmen compensation extensions available, Burglary cover can be added for stored materials, Terrorism cover available as an optional extension
Who Should Buy?
Civil contractors, builders, infrastructure developers, Real estate companies and government project contractors, Financiers funding large-scale construction projects