Brief description of damages*
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*Please note: If you have checked the box, you will receive calls from Magma even
if you are on the DNC list.
The Contractors All Risks (CAR) Insurance offers
comprehensive coverage for all types of civil construction risks.
The coverage for physical loss or damage to property is on an 'All
Risks' basis, i.e. the policy insures against damage to property in
the course of construction by all sudden, accidental and unforeseen
causes other than specified excluded perils and subject to the
terms and conditions of the policy.
CAR policy can be taken by principal, contractor or
sub-contractor, either individually or jointly.
Contractor's All Risks (CAR) Policy covers civil construction
such as residential buildings, commercial buildings, factory sheds,
warehouses, pipelines, dams, reservoirs, etc. This policy also
covers the risk of accidental physical loss or damage with respect
to the contract works, during the execution of a civil project.
The cover comes to effect with the commencement of work or after
the items entered in the schedule of the policy have been unloaded
at the site whichever is earlier and shall expire on the date
specified in the policy. However, the company's liability expires
for parts of the insured contract works taken over or put into
service by the Principal prior to the expiry date specified in the
policy whichever is earlier.
There is also a provision for extending the policy period during
the currency of the policy.
Type of project
Basis of Sum Insured: Total contract value
including the estimated cost of labour charges and cost of
materials (including freight, custom duty and cost of erection) but
Magma HDI General Insurance Co. Ltd. All Rights Reserved.
IRDAI Reg. No. 149 dated 22nd May, 2012. CIN: U66000WB2009PLC136327
Insurance is the subject matter of solicitation.
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are for representative purposes
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Magma and HDI names and logos are trade names/marks of Magma
Fincorp Ltd., and HDI Global SE
and are being used by Magma HDI General Insurance Co. Ltd., under
agreement with owners of such trade names/marks.
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then please call us at 180030023202
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