Digit Construction All Risk Insurance

Digit Contractors' All Risk Insurance Inclusions

The inclusions under the Digit Contractors All Risk policy are:

1. Material Damage: Any damage to insured property during the policy period—except for exclusions listed in the policy—is covered up to the specified limit. The policy also reimburses the cost of debris removal and site clearance.
2. Third-Party Liability: This policy covers legal responsibilities for damage to someone else's property or injury (fatal or non-fatal) to individuals who are not the insured’s employees.
3. Legal Compensation: It covers litigation costs and expenses incurred with prior written approval or those legally recovered by a claimant.
4. Comprehensive Protection: This policy offers extensive coverage for projects, subject to stated exclusions, and is typically available for construction projects where civil work constitutes more than 50% of the total project value.

Exclusions Under Digit Contractors’ All Risk Insurance

This policy does not provide coverage for losses, damages, or liabilities resulting from the following:

• War & Civil Disturbances – Losses caused by war, invasions, rebellions, riots, or actions taken by government authorities.
• Nuclear Hazards – Any damage due to nuclear reactions, radiation exposure, or contamination.
• Deliberate Actions – Losses resulting from intentional misconduct or negligence by the insured or their representatives.
• Work Interruptions – Financial losses due to a complete or partial halt in construction activities.
• Terrorism-Related Incidents – Damages arising from acts of terrorism, including violence or threats driven by political or ideological motives.
• Government Intervention – Losses caused by confiscation, requisition, or destruction by official authorities.

Digit Insurance: Step-by-Step Claim Process

Follow these steps to file a claim under the Contractors' All Risk Insurance policy:

1. Notify your insurer about the incident as soon as possible.
2. Share essential details, including the policy number and a description of the event.
3. Once the claim is registered, you will receive a claim reference number.
4. A surveyor will assess the extent of the damage.
5. After approval, the insurer reviews the financial and legal aspects before processing the claim settlement.

 Period of Cover

• The insurance coverage begins when construction starts after unloading the insured property at the site.
• Coverage ends on the date specified in the policy or earlier if parts of the project are taken over or put into use before that date.
• If construction is completed earlier than expected, no premium refund will be given unless the insurer allows it.
• If construction extends beyond the insured period, coverage may be extended upon payment of an additional premium