Definition : Insurance - Construction site insurance

Insurance taken out at the occasion of the construction of a building. This insurance type covers the harmful consequences of an event during construction (fire, explosion, theft or water damage), and also all related damage to property claims. The insurance coverage usually begins when the site is opened and normally ends when the work is completed. The date of the end of the work is deemed to be the date on which all the work specified in the plans and specifications has been carried out.

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The Law states that your syndicate's object, therefore its mission is "[...] the preservation of the immovable, the maintenance and administration of the common portions [...]." This implies that it has a duty to have carried out, over time, the work required to prevent the deterioration of the common portions of the immovable. The maintenance and conservation of its built up patrimony are therefore a must for any self-respecting co-ownership.
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