Structural damage insurance: How to choose it?

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When embarking on the construction of a new building, expect every eventuality. The builder who becomes de facto a client is exposed to great risks in terms of various damages. It is mandatory for this to take out damage insurance before starting work.

What does structural damage insurance cover and how do you choose one? We suggest some points in this business insurance introductory guide.


Structural damage insurance: what is it?

Damage-works insurance in short DO aims to insure and guarantee any damage or disorder that may occur on a site. Whether it is an old building of Candle making Company, new construction, an extension or renovation of a building, taking out structural damage insurance protects you from any unforeseen expenses.

In fact, damage-to-work insurance is pre-financing insurance. Decennial insurance is associated with it, which is also just as compulsory. The latter is ten-year, which means that it runs for a period of 10 years from the reception of the work. It is an insurance which guarantees to the owner the obligatory repair by the contractor of certain defects. We are therefore talking much more about a ten-year guarantee, an indemnity that covers repair work, and this well before studies are made to locate the responsibilities.

However, even if the structural damage insurance and the ten-year guarantee complement each other, there is of course a difference between them. Indeed, the ten-year guarantee does not take effect until the reception of the work while the damage insurance must be taken out at the opening of the site and takes effect from that moment. It is in the penal code that we find a clear definition of reception. In the law, acceptance is the act by which the client declares to accept the work with or without reservation . But more and more today, the owner and the contractor tend to share the same insurance which leads to some confusion.

What damages does the structural damage insurance cover?

Structural damage insurance covers several material damages. This is damage likely to affect the solidity of the good or its ability to meet the destination.(unsuitable for the destination). When, for example, a natural crack causes leaks (water infiltration in a wall), the insured can ring his insurer. Regarding the second case, it may be the result of a distortion which would deprive the purchaser of the property from enjoying it fully or under good conditions. This last damage is covered by the ten-year guarantee. Structural damage insurance also covers items of equipment (whether or not they can be separated from the building) if these render the building unfit for its intended purpose. These insurances also cover damage caused by a defect in the soil, or those resulting in clearing, removal or even partial repair of the structure that must be demolished. However, structural damage insurance does not cover damage for which the insured is himself responsible.