Construction guarantee insurance

Aimed at promoters and constructors the construction guarantee insurance covers a ten-year period, as its name suggests, during which time material damages caused by the building due to defects in the cementation or structure and which could compromise the stability of the building are covered.

Most important coverage of Construction guarantee insurance

The objective of the insurance is to cover the requirements of the Building Law in Spain (Ley de Ordenación de la Edificación), that is to cover the repair or compensation for damages caused in the insured building for faults or defects originating in, or affecting the basic works and that directly compromise its mechanical resistance or stability.

Basic guarantee of structural damage

Within the limits established in the policy, the Insurer guarantees to indemnify or repair material damage caused in the insured building by faults or defects that originate in or affect the fundament structure and that directly compromise its mechanical resistance of the building for ten years after the policy comes into effect.

Damage to the development

always when these are a direct consequence of the incident to be indemnified.

Cost of demolition and removal of debris

necessary as a consequence of the material damage in the construction covered.

Cost of demolition and removal of damaged parts

Costs of repair or restitution

of those parts of the building damaged as a consequence of failure of waterproofing and seals.

Reasonable costs of repair or restitution

of those parts of the building intentionally or necessarily damaged in order to make good the repairs.

Guarantee of waterproofing and seals

The costs of repairing or replacing those elements described as part of the unity of the construction that guarantee the waterproofing of porches and terraces and roofs, sealing of façades or waterproofing of cellars damaged as a cause of errors in design, defective materials or in the execution of the structures, always in the case that the there has been a manifestation of damage caused by water.

What events can activate the Construction guarantee policy?

Any error in construction that affects the structure of the building during the ten years following completion of the building

Related products
<div><!-- [et_pb_line_break_holder] --><a href="https://ollerbrokers.com/en/business-insurance/property-insurance/fully-comprehensive/"><!-- [et_pb_line_break_holder] --><img src="https://ollerbrokers.com/wp-content/uploads/2018/05/prod-danos.png" style="display:block;margin:0 auto;margin-bottom:20px"><!-- [et_pb_line_break_holder] --><h6 style="text-align: center;font-size:20px;">All-risk property damages </h6><!-- [et_pb_line_break_holder] --></a><!-- [et_pb_line_break_holder] --></div>
<div><!-- [et_pb_line_break_holder] --><a href="https://ollerbrokers.com/en/business-insurance/personal/accident-insurance/"><!-- [et_pb_line_break_holder] --><img src="https://ollerbrokers.com/wp-content/uploads/2018/05/prod-accidentes.png" style="display:block;margin:0 auto;margin-bottom:20px"><!-- [et_pb_line_break_holder] --><h6 style="text-align: center;font-size:20px;">Accident insurance</h6><!-- [et_pb_line_break_holder] --></a><!-- [et_pb_line_break_holder] --></div>
<div><!-- [et_pb_line_break_holder] --><a href="https://ollerbrokers.com/en/business-insurance/liability-insurance/business/"><!-- [et_pb_line_break_holder] --><img src="https://ollerbrokers.com/wp-content/uploads/2018/05/prod-rc.png" style="display:block;margin:0 auto;margin-bottom:20px"><!-- [et_pb_line_break_holder] --><h6 style="text-align: center;font-size:20px;">Corporate liability</h6><!-- [et_pb_line_break_holder] --></a><!-- [et_pb_line_break_holder] --></div>

Can we help you?
Contact us with no obligation.

Call us and leave your details and we will call you back.

Contact us

Quan et truquem?

Gràcies. Et cridarem pròximament.

¿Cuándo te llamamos?

Gracias. Te llamaremos próximamente.

Can we help you?

Thank you. We'll call you soon.