Insurance for new buildings
The building construction insurance , and construction insurance , is a private insurance , which the builders to hedge against certain risks associated with an under construction building. It usually consists of a builder's liability insurance , construction insurance and fire shell insurance .
Risk coverage
The client is responsible for all activities and events on their own construction site. By taking out insurance for a new building, the builder can protect himself from some of the risks on the construction site. In addition to accidents, these also include storms, fire and vandalism .
The insurance premium depends, among other things, on the risk zone in which the building is located in terms of flood and storm risks. Further influencing factors are the type of construction of the building, the amount of the new building and the agreed sum insured.
As a rule, the new building insurance applies from the start of construction and ends when you move into the building.
Individual evidence
- ↑ What does a new building insurance offer? Unternehmer.de, March 12, 2009.
- ↑ Hans Jürgen Kotz, Christian Gerd Kotz: Builder risk and construction insurance: What do you understand by the client risk and a construction insurance? Retrieved August 11, 2020.
