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Inherent Defect Liability
RISK COVERED:
IDL provides protection against “Damage” that is caused by an “Inherent Structural Defect”. The cover is only offered for new buildings or civil structures.
It covers mainly:
The cost of repairing/restoring of the insured building
The cost of strengthening of the insured building
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Extensions:
N/A -
Pre-requirement:
Broker of Record
Commercial Registration
Wassel /National Address
VAT Certificate
3 years claims experience
A declaration letter if first time insurance
Proposal Form