About This Policy
Maintenance Bonds ensure that contractors fix post-completion defects. If they fail, the project owner can claim losses from the insurer.
What's Covered
If the contractor fails to rectify construction defects during the maintenance or defect liability period, the insurer compensates the project owner for repairs. This bond supports long-term quality assurance.
Who Should Buy?
Civil contractors, builders, road contractors, Firms involved in turnkey and design-build-finance-operate projects, Housing or infra companies under RERA compliance.