Contractor All Risk Insurance for Ground Leveling and Area Reclamation Work

Ground leveling and area reclamation works are highly risk-associated activities performed by the contractor. It requires a wide range of manpower and capital for ground leveling and area reclamation work. Thus, the contractor needs to purchase an insurance policy in order to mitigate the risk associated with the construction.

Read more
contractors-all-risk-insurance

Get right expert advice

Hassle free policy

Speedy Claims

Fast-track your search with instant quotes from top insurers

Get ₹1 crore cover
starting at ₹6,500/transit+

Step 1/2

Get ₹1 crore cover starting at ₹6,500/transit +

Property Type
secure-icon We don't spam
Get Updates on WhatsApp
View Plans
By clicking on "" you agree to our Privacy Policy and Terms Of Use

Get ₹1 crore cover
starting at ₹6,500/transit+

Step 2/2
Get Updates on WhatsApp
Fast-track your search with instant quotes from top insurers
Expert advice

Buy right

Instant policy

Quick & Hassle free

Dedicated team

Speedy Claims

CAR Policy for Ground Leveling and Area Reclamation Work: Inclusions

The insurer covers the following risks in the contractor all risk policy:

  • CAR policy includes the loss caused due to floods
  • The insurer shall provide coverage for the loss caused due to wind
  • Loss caused due to water damage shall be covered under the CAR policy
  • The act of negligence is covered under the CAR insurance policy
  • The insured incurring the loss due to construction fault shall be covered under the CAR insurance policy

CAR Policy for Ground Leveling and Area Reclamation Work: Exclusions

The following losses shall not be covered under contractor all risk insurance policy:

  • The CAR insurance shall not include any claim for intentional damage to the property
  • The CAR insurance policy shall not provide any coverage for the loss caused due to partial or total cessation of construction work
  • The policy does not offer any coverage for the loss caused due to defective material utilized in the construction work
  • The policy does not cover the insured for the loss caused due to bad workmanship
  • Normal wear and tear shall not cover under the CAR policy in construction
  • Loss and damage to the property caused due to faulty design shall not be covered under the CAR policy

CAR Policy for Ground Leveling and Area Reclamation Work: Add-ons

The policyholder may enhance the policy by allocating additional premiums to the CAR policy in construction:

The insured may extend the scope of the policy by adding the following.

  • Damage caused to the surrounding property due to the construction work
  • Loss caused due to the removal of debris
  • Damage caused to the property due to an earthquake
  • Losses incurred due to the delay in a startup because of the loss caused to another insured property

Claiming Process in CAR Insurance for Ground Leveling and Area Reclamation Work

The insured may follow the steps mentioned below in order to file a claim:

  • Inform the insurer with regard to the damage or loss caused to the property via phone
  • Upon intimating via phone, the insured must notify the insurer in writing via email
  • The insured must lodge an FIR if the loss has been incurred due to the theft or burglary
  • Upon acknowledging the written and oral submission of the insured, the insurer shall appoint a surveyor
  • The investigator shall survey the site and interpret the damage
  • The insured must duly fill out the form of claim and submit it along with the necessary documents
  • If the surveyor finds the claim valid, the report shall be submitted to the insurer
  • Later, the insurer shall release the claim

FAQs

Written By: PolicyBazaar - Updated: 15 May 2023
Policybazaar for Business - Contractors All Risk Insurance - Customer Reviews
View all
4.2/5
Based on 28 reviews
4.2
out of 5
Based on 28 reviews
1 users
21 users
6 users
0 users
0 users
3.8 February 22, 2023
Aditya
Compensate For Damages
I recently purchased Contractors All Risk Insurance from PolicyBazaar website and had a great experience with them. It was necessary to purchase this Insurance as I understand the risks and uncertainties of the job. However, with this policy, I found myself protected against a wide range of unforeseen events such as property damage, third-party liability and even employee injuries. Thanks to Policybazaar.
Allahabad
4.3 February 02, 2023
Umang
Quick Renewal
I recently purchased Contractors All Risk Insurance from PolicyBazaar and I am delighted to share my positive experience with this valuable policy. From the moment I initiated the process until the policy was in effect, PolicyBazaar demonstrated outstanding professionalism, reliability, and a genuine commitment to customer satisfaction. Thanks PB.
Jamshedpur
3.8 January 13, 2023
Astha
Time Saving Process
Throughout the process, I was consistently impressed by PolicyBazaar's exceptional customer service. Their representatives were friendly, knowledgeable, and always ready to assist me with any questions or concerns I had. They patiently explained the policy terms and conditions, clarifying even the most intricate details, which allowed me to make well-informed decisions regarding my coverage. I truly felt valued as a customer, and their dedication to ensuring my satisfaction was evident in every interaction.
Vadodara
4.3 December 24, 2022
Usha
Suitable Purchase
Recently we got a project to work on a site. I made sure that i get the contruction all risk insurance policy. A friend of mine suggested to purchase it from PolicyBazaar website so i went on their website and made the purchase without any hassle. It was a suitable purchase as it provided compensation for material damage and many more Thanks to PolicyBazaar.
Ludhiana
4.3 December 04, 2022
Simran
Provides Security To Material Damage
I recently purchased Contractors All Risk Insurance from PolicyBazaar which provides me peace of mind, knowing that projects are protected against unforeseen events. This allows me to focus on my work without constantly worrying about potential risks and liabilities. Thanks Policybazaar.
Kochi
4 November 14, 2022
Lovejeet
Knowledeable Staff
The staff at PolicyBazaar were knowledgeable and helped me choose the right policy that fit my specific needs. I highly recommend Contractors All Risk Insurance through Policybazaar for anyone involved in construction projects."
Coimbatore
4.3 October 25, 2022
Rahil
Peace Of Mind
I recently purchased Contractors All Risk Insurance through PolicyBazaar and I am so happy with the services I received during the buying process. Also, the policy provided me with peace of mind during my construction project, as it covered unforeseen damages to the project site, materials and equipment. The claims process was straightforward and hassle-free and the insurance company promptly reimbursed me for the damages I incurred. Thanks Policybazaar
Lucknow
3.8 October 05, 2022
Anuj
User Friendly Website
As a contractor, I was looking to buy Contractor all risk from the PolicyBazaar website online. So I went on their website and checked several details. It was well-maintained and described all the benefits in detail. I contacted their customer support and decided to buy from them. The website is really user-friendly and helpful. Highly Recommend. Thanks, PolicyBazaar.
Kolkata
4.5 October 01, 2022
Subh
Well Maintained Website
I was looking to buy contractor all-risk insurance that protects property from any damages and landed on the policybazaar website. It is well written & maintained website and provided all the necessary information. The add-ons are also affordable and provide extra protection.
Delhi
4.5 September 30, 2022
Neeraj
All In One Policy
Unique perks, low premium, great customer support, and a claim settlement process are a few things that we have experienced with policybazaar. We bought a contractor all-risk policy last year and raised a claim for an incident. The process was simple and the claim was reimbursed in a few days.
Jaipur