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Contributor
Shivani Ingle
Posts: 27
Registered: ‎03-06-2017

What is Inherent Defects Insurance Policy?

What is Inherent Defects Insurance Policy?

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Regular Contributor
Arti
Posts: 199
Registered: ‎30-08-2021
Solution

Re: What is Inherent Defects Insurance Policy?

Dear Sir/ Madam , 

 

Inherent Defects Insurance is a type of insurance policy that provides comprehensive protection to builders towards any financial liability arising due to repairing, restoring or strengthening of the insured property.

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Contributor
Suraj Bhagat
Posts: 25
Registered: ‎28-08-2017

Re: What is Inherent Defects Insurance 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.

Regular Contributor
Arti
Posts: 199
Registered: ‎30-08-2021
Solution

Re: What is Inherent Defects Insurance Policy?

Dear Sir/ Madam , 

 

Inherent Defects Insurance is a type of insurance policy that provides comprehensive protection to builders towards any financial liability arising due to repairing, restoring or strengthening of the insured property.