Insurance for national outline plan 38 projects with the widest contractors all risks cover
Insurance for National Outline Plan 38 (1-3) projects. Experiencing difficulties with insurance companies? We’re here to help.
Insurance for National Outline Plan 38 (1-3) projects to reinforce buildings against earthquake is the most common urban renewal projects and one of the most complex of its type. Furthermore, based on the high probability of claims, the policy contains various exclusions, terms, conditions, special clauses and protection warranties in the main.
It is clear from all of this that the insurance companies are not very keen on issuing policies for projects involving reinforcing buildings against earthquake, other than if various subjectivities are set based on a risk analysis carried out by a surveyor.
Sometimes, the project will involve excavations under or around the building and this creates an exceptional risk from the insurance company’s perspective.
However, the main and most problematic aspect of National Outline Plan 38 projects to reinforce, modernise and extend apartment buildings is the fact that the building in which the construction works are being carried out continues to be inhabited by men, women and children and the risk of injury to any of them during the course of the works is quite high.
The same is the case concerning the risk of damage to the existing building during the construction works.
Cases of the existing building collapsing or suffering severe damage have been documented from time to time in projects of this type.
Despite all of this, we are here to assist and can offer various benefits:
-
The high risk level involved in undertaking National Outline Plan 38 projects exacerbates the importance of working with an insurance agent whose word carries weight with the insurance companies and has the expertise to formulate a policy that provides the maximum insurance cover.
-
Since National Outline Plan 38 projects are characterised by a high number of mishaps, it is clear that you need an insurance agent that can, over and above the task of successfully arranging a policy to cover National Outline Plan 38 projects, also service you during the entire duration of the project and thereafter, to ensure that your rights are fully realised at the time of need, that is, in the event of an insurance claim.
To obtain a quotation for insurance cover tailored to your needs
Please contact me directly
Itzick Simon
972-50-5299480
Recommended links:
Problems with insurance cover for winter damages in National Outline Plan 38 (1-3) projects
WE HAVE GONE TO PAINSTAKING EFFORTS TO ACHIEVE OUR STATUS IN THE CONSTRUCTION INDUSTRY
We have acquired the status of the leading insurance agency in the field of construction insurance over the last 25 years during which time we have specialised in arranging insurance for construction companies, property developers and property investors. The trust and close relations we have built over this time with insurance company underwriters enables us to obtain the broadest insurance cover, even in policies involving a high level of risk such as: Products Liability, Contractors All Risks, insurance for National Outline Plan 38 projects, Demolition and Rebuilding Projects and Building Renovation projects.
All of these factors are in your favour:
✔ From the perspective of the cost – Not only can we successfully arrange a policy for your National Outline Plan 38 projects project with practical and reasonable protection warranties, we will also save your costs.
✔ The scope of cover – We can formulate a policy that closes all possible gaps: A combined policy that addresses the majority of the risks involved in contract works, tailored to National Outline Plan 38 project works at the highest possible level in Israel, and at the same time adequately addressing exclusions, warranties and special conditions imposed by the insurance company.
✔ Fast response time – It usually takes some time to obtain a quotation for National Outline Plan 38 projects since various preparations and enquiries need to be made, quite often leading to significant delays in the process of issuing the policy. The insurance companies are not always keen on issuing policies in such cases. We have expertise in finding creative solutions to address all of the exclusions and warranties and at the same to enable you to comply with timetables and deadlines.
✔ And finally…we’re here to help you – We make our best efforts to be available at all times to provide you with close professional assistance from a team of insurance experts to ensure your rights are fully exercised in the event of damage or an accident – our accident experts and lawyers will assist you in liaising with the authorities, Ministry of Labour officials and the Israel Police.
For information or details about the type of insurance required,
please fill out the form and we will contact you shortly
Inxurance to cover projects involving reinforcing buildings against earthquake
Projects to reinforce buildings against earthquake are considered to be high risk projects by the insurance companies and hence the “standard” Contractors All Risks policies do not provide full cover for reinforcement works. The insurance companies are also not very keen to provide cover at all for reinforcing buildings against earthquake…
Demoliton and rebuilding projects - national outline plan 38-2
Demolition and Rebuilding Projects are approved by the authorities in relation to various types of outline projects, the most common being in the framework of National Outline Plan 38-2, falling into the category of “urban renewal” projects. Such projects can be very complex to perform. The larger the construction project, the higher the probability of insurance claims. In addition to the risks arising from the contract works, there are sometimes other aspects that deter the insurance companies and in most cases it is necessary to evict the residents.
Insurance for preservation and renovation of buildings
Insurance cover for projects involving preservation and renovation of buildings involves a high risk level and the likelihood of especially large payments in the event of a claim. In addition to the numerous risks involved in performing such projects, there are also various statutory requirements to comply with relating to preservation and renovation of buildings and there is a high risk of damage to the existing building and neighbouring buildings.
To date, the statistics are not very encouraging and the possibility of obtaining an adequate policy for preservation and renovation projects is not high. However, don’t despair, we can help…
Professional indemnity insurance as part of insurance cover for national outline plan 38 projects
Professional Indemnity insurance provides you with insurance cover in the event of a third party claim being brought against you due to legal liability for errors and omissions that lead to third party losses or damages, including pure financial loss, such as delays in handing-over the building or the apartments as a consequence of an insured event in the project. In fact, surprises can come from various angles and hence…
National outline plan 38 project safety
National Outline Plan 38 projects to reinforce buildings involve residents walking around “between the legs” of the construction workers and the foreman has no authority or ability to supervise them. The residents are also unaware of the inherent risks of a construction site and so a unique situation arises from a safety perspective whereby the residents are the weak link in the chain of the exposure to numerous risks.
Projects such as National Outline Plan 38 projects are also complex and problematic to execute considering the fact that dealing with the safety issues is a major headache for the principal, the contractor and the foreman who are effectively responsible for the safety of anyone present at the construction site…
Surveys to document
adjacent buildings
Insurance companies commission specialist surveyors with experience in the construction industry to conduct surveys and determine protection warranties which are a precondition to the validity of the insurance cover in the event of loss, damage or injury to any employee or third party during the project. Sometimes, the survey will have an impact on the way the work is performed, and in the event of a claim, failure to comply with the policy warranties can lead to forfeiture of the insurance cover and so…
Insurance company
surveys
Insurance companies commission specialist surveyors with experience in the construction industry to conduct surveys and to determine protection warranties which are a precondition to the validity of the insurance cover in the event of loss, damage or injury to any employee or third party during the project. Sometimes, the survey will have an impact on the way the work is performed, and in the event of a claim failure to comply with the policy warranties can lead to forfeiture the insurance cover and so…