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If something goes wrong on a construction site, the damage can add up quickly. Prevent unnecessary delays and financial losses. Protect yourself with construction insurance from AXA.
Support and frequently asked questions
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I am having a house built. The commissioned planners and building contractors are properly insured with regard to liability insurance. Do I still need construction owner’s liability insurance?
Yes, as builder you are liable for various types of damage that no other party is responsible for: e.g. damage to your neighbor’s property for which no specific party can be held responsible, or when the construction company is not liable. In these often high-cost situations, construction owner’s liability insurance protects you.
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I am having construction work done by companies that are properly insured. Do I still need contract works insurance?
In general, yes. Most companies just take out a commercial third-party liability policy. However, this doesn’t cover all construction accidents, or it first requires clarification and only pays compensation if fault can be established and only after a certain period. This is where contract works insurance steps in to cover construction accidents regardless of the cause. It also pays out in advance in liability cases – regardless of how long clarification takes.
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I am having my single-family house renovated and have personal liability insurance. Do I also need construction owner’s liability insurance?
Renovations and remodeling are covered for up to CHF 100,000 with personal liability insurance from AXA. Review your policy to see which buildings your personal liability insurance covers and what construction costs will be compensated if there is any damage in connection with your construction project.
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Shortly after we moved into our new home, we suffered waterpipe damage. Is this covered by contract works insurance?
Normally it is not, as the construction work has already been completed. However, for buildings that cost up to CHF 5 million to construct, AXA includes full-value building property insurance for free. This covers any such damage that arises up to six months following the planned date of building completion.
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I did not discover the construction defects until I signed off on my house. Are these covered by my contract works insurance or my construction owner’s liability insurance?
Yes, if you have taken out the add-on policy “legal protection for construction owners.” This policy will assist you in disputes over defects in the construction project if these are only discovered after the acceptance log has been drawn up and could not have been identified sooner.
