Property Insurance

Construction and erection projects face a range of risks that may affect the investment’s schedule, costs, and successful completion. For this reason, CAR (Contractors’ All Risks) and EAR (Erection All Risks) Insurance from SIGMA VIG, Kosovo Branch, is designed to provide financial protection for investors, contractors, subcontractors, and companies involved in construction and industrial projects.

This insurance product provides coverage for the risks specified in the insurance policy and aims to protect the project during the construction or erection phase against sudden and accidental events. Depending on the contractual terms, coverage may include material damage resulting from:

In addition to protecting the project itself, the insurance may be extended to include third-party liability for property damage or bodily injury arising from construction or erection activities, subject to the terms and limits specified in the insurance contract.

CAR and EAR Insurance is particularly suitable for construction companies, private and institutional investors, residential and commercial property developers, engineering companies, industrial operators, and entities carrying out technological, mechanical, or electrical installations.

One of the main benefits of this insurance is the protection it provides for substantial financial investments during project implementation, helping to minimise the economic impact of unexpected events. This enables the parties involved to focus on completing the project with greater security and stability.

CAR and EAR Insurance

Construction and erection insurance is based on the “all risks” coverage system. This insurance includes two similar types of coverage:

Insurance against basic risks during construction (CAR - Contractors’ All Risks)
Insurance against basic risks during erection (EAR - Erection All Risks)

This insurance provides coverage for possible damages during the construction or erection process, including: fire, lightning strike, explosion, storm, hail, demonstrations, impact from motor vehicles or work machinery, aircraft fall, water leakage from installations, collapse and ground subsidence, frost, ice, snow load, snow avalanche and rain, malicious damage, as well as public and professional liability of the contractor for damage caused to third parties.

Cash in Safe Insurance

The insurance covers banknotes in the form of various currencies, up to the limit mentioned in the insurance policy. The insured assets may be owned by the insured or held by the insured in any form that makes the insured liable for their loss.

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