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CONSTRUCTION INSURANCE (Advantage (Construction Activities (Give financial…
CONSTRUCTION INSURANCE
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Scope of Cover
Covers any sudden and unforeseen physical damage to the insured civil project by any cause or peril but NOT the excluded peril under the policy
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EXAMPLE : A contractor hiring one or many sub- contractors to complete the task such as wiring, and electrical .
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Advantage
Surrounding Properties
Cover liability that may arise from the damage of owner's surrounding properties due to ongoing construction activities
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Construction Activities
Give financial protection to civil engineering contractor in the event of an accident to under civil construction.
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