Contractors All Risk Insurance for Interior Decoration

Contractors all risk insurance for interior decoration provides coverage for the unexpected damage caused to the material that is to be used in the interior decoration along with the designing equipment.

₹1 Lakh cover starting at ₹590/month⁺

Your shield for every construction project from

fire or theft

third-party injury

unforeseen site damages

We don't spam

Check your premium now

By clicking on "Check your premium now" you agree to our Privacy Policy and Terms Of Use

Get Updates on WhatsApp

Wallet-friendly plans
24/7 claim support
IRDAI-certified advisors

Contractors All Risk Insurance for Interior Decoration: Inclusions

Contractors all risk insurance for interior decoration provides coverage for the following perils:

Loss or damage due to fire or lightning

Loss or damage because of strikes, riots, or any other malicious activity

Loss or damage because of tempest, inundation, flood, storm, etc.

In case of theft or burglary, the insurer will provide coverage

In case of collision, impact or collapse, the insurer will provide coverage

Loss or damage because of subsidence, rockslide or landslide

Contractors All Risk Insurance for Interior Decoration: Exclusions

Contractors all risk insurance for interior decoration does not provide coverage for the following perils:

If the work is stopped partially or permanently

Inventory losses will not be covered

Wear and tear will not be covered

Any consequential loss is not covered

Any kind of damage caused due to faulty design where the interior decoration is happening

Any kind of loss or damage caused due to poor or defective material

Damage caused during war or any other related perils

Willful negligence or misconduct of the insured that leads to any kind of loss or damage is not covered

Damage caused due to nuclear reaction, nuclear radiation or radioactive contamination

Contractors All Risk Insurance for Interior Decoration: Additional Coverage

In order to enhance the coverage of your insurance plan, you will have to purchase the below mentioned add-ons:

Earthquake

Surrounding property

Contractors plant and machinery

Third-party liability

Removal of debris

Construction equipment like scaffolding, shuttering material, etc.

Terrorism

Maintenance visit & extended maintenance

FAQs

Ques 1: if the workers doing interior decoration go on strike, will the insurer provide coverage for the loss to the contractors?

Ans: No, the insurer will not provide coverage for the loss caused during the workers went on strike.
Ques 2: Will the regular wear and tear of the equipment or material being used in the interior decoration be covered under contractors all risk insurance?

Ans: No, the insurer will not provide coverage for the regular wear and tear of the equipment or material that is being used in the interior decoration.
Ques 3: Will the burglary or theft of the construction material or equipment be covered under contractors all risk insurance?

Ans: Yes, in case of theft or burglary of the construction material or equipment, the insurer will provide coverage for it.