COMMUNITY

The Contractors All Risks Policy covers accidental and unforeseen damages – it does not cover damages which may be considered as inevitable having regard to the work to be executed or the planned method of execution. We consider the following examples to fall outside the scope of cover:
– Settlement cracks or cracks in wall tiles
– Settlement in floor tiling
– Water penetration into properties adjacent or adjoining the contract site (whether owned by the site owners or otherwise) unless adequate precautionary measures have been taken
– Damages caused to rubble walls
– Damages resulting in wells or swimming pools
– Existing damage prior to commencement of contract works

The sum insured of the contract value should represent the total contract value including the estimated cost of labour charges and cost of materials up to shell form. Should you wish to extend the policy up to finished form, the cost of the finishing should also be included.