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APRIL Construction Construction insurance for new buildings worth 2M and less
APRIL Construction Construction insurance for new buildings worth 2M and less Construction insurance for new buildings worth 2M and less
Discover the insurance dedicated to new construction sites with a value of 2M and less
**Available for Quebec
Target
On construction sites, a loss can occur and put your clients' business at risk. With the aim of always offering adequate protection for this type of risk, discover APRIL Canada's construction insurance solution for residential and commercial properties and projects already underway up to 20%.
Coverage
- Contractors with a minimum of 3 years in business
- Residential and commercial properties up to 3 floors and 20,000 square feet
- Project already started considered (maximum 20%)
- Extended formula
- Off-site and in-transit property included
- Sewer backup
Underwriting norms
- Construction contractors with a minimum of 3 years in business and self-construction under the supervision of the general contractor
- Optional liability coverage up to $2 million
- 3, 6, 9 or 12 month policies
- Possibility of adding the client to the contract
- Risks not eligible: high crime area, modular, prefabricated or mobile homes, townhouses, green or experimental buildings or any other non-conventional building (e.g. earthhouses, dome houses, open dock, stilt houses), project with shoring, underpinning, raising, lifting or piling. Insured in bankruptcy process, accused of fraud, more than 2 creditors or creditors other than a financial institution, land subject to unpaid taxes