Policy snapshot
CAR is a comprehensive insurance solution for civil construction projects, covering physical damage and third-party liabilities during construction.
What is Contractors All Risks (CAR) Insurance?
CAR Insurance covers construction sites and materials from damage or loss during the construction period. It safeguards the interests of contractors, developers, and financiers.
What can it cover?
- The policy includes physical loss or damage to construction works due to fire, storm, flood, theft, negligence, design faults, or accidental impacts. It also covers contractor’s plant, temporary sheds, and materials stored onsite. Burglary and terrorism cover are available to ensure 360° risk protection.
Who should consider it?
- Civil contractors, builders, infrastructure developers, Real estate companies and government project contractors, Financiers funding large-scale construction projects
Key features to understand
- {"heading": "Key Features", "bullets": ["Covers civil works like buildings, roads, bridges, etc.", "Protection during construction, storage, and transit", "Third-party liability and workmen compensation extensions available", "Burglary cover can be added for stored materials", "Terrorism cover available as an optional extension"]}
What deserves attention before you buy?
Coverage, exclusions, sub-limits, deductibles, waiting periods, warranties and underwriting can vary between insurers and policy versions. The policy wording and schedule remain the definitive contract. Novo can help you review the relevant terms for your requirement.
Read the wording, not just the brochure
The schedule and policy wording determine the actual contract.
Compare meaningful differences
Look at exclusions, limits, deductibles, conditions and claim requirements—not premium alone.
Think beyond purchase
Servicing and claims-related support can matter as much as placement.