Insures the work being done by a contractor for accidental loss during the construction period when building an extension, new building, or renovating your home.
Covers materials supplied free of charge by the property owner to the contractor, which will be used for the works.
Cover for the demolition and removal of damaged materials. This also covers supporting undamaged works necessary to enable the contract works to be restored or replaced.
An allowance in case of increases in the contract price, and in labour and material costs.
Cover for an increase in reconstruction costs after a loss to allow the works to be completed in a reasonable time.
We’ll pay up to the amount shown on your certificate for each specified item, less any applicable deductibles. The most we’ll pay is the total sum insured.