Builder's risk insurance

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A lot can happen before your house has been built: A ceiling can collapse, someone might spray graffiti on your half-completed house wall, the copper wires are stolen overnight. These occurrences can lead to high additional costs and delays to construction. Builder's risk insurance from AXA protects you against these risks.

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Advantages of AXA builder's risk insurance

Financial protection against construction accidents, theft and acts of vandalism
Continuation of work in the event of construction incidents
Assumption of costs for damage locating, demolition and reconstruction

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Insurance overview

Builder's risk insurance assumes payment of property damage on the construction site. AXA also pays you the benefits that a liability insurer must pay for parties involved in the construction. This ensures uninterrupted continuation of the construction work.

The insurance covers

Builder-owners
Architects
Engineers
General contractor
Building contractor
Construction site workers
Geologists

Scope of coverage of builder's risk insurance

Damage caused by accidents during construction, e.g. damage to the facade from collapsing scaffolding
Cleanup and disposal costs following construction accidents
Costs of locating the damage following construction accidents
Demolition and reconstruction costs
Damage resulting from fire and natural forces
Burglary and theft of materials already included in the construction (e.g. doors and windows)
Vandalism to the property

Download: General Insurance Conditions (GIC) [ 96KB]

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