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Contributor
Gowri Mulgund
Posts: 31
Registered: ‎23-08-2017

Can the builder buy the policy before building the property?

Can the builder buy the policy before building the property?

1 REPLY 1
Contributor
Aditi Anjaria
Posts: 26
Registered: ‎28-08-2017

Re: Can the builder buy the policy before building the property?

Yes, the buildercan buy Inherent Defect policy. This Policy provides protection against the cost of repairing, restoring or strengthening of the insured building if the “ Damage” is caused by an “ Inherent Structural Defect”.
The cover is only offered for new buildings or civil structures.