Special form of cover for buildings
Decennial-insurance (also called building contract fulfillment insurance) covers structural building defects that surface within the first ten years of transfer of ownership of a building site.
In Spain decennial-insurance is obligatory for every contractor who sells private buildings to third parties. Additionally decennial is required by Spanish building regulations if the property is sold within the first ten years.
The following documents are required to complete the insurance application:
- A copy of the „Estudio Geotécnico“ (geotechnical review)
- A copy of the „Proyecto de Licencia (project license)
- The worth of the building (consists of: total building costs, including taxes, licensing fees and other fees)
- Building inspection report from a company licensed to perform building inspections
Decennial insurance must be procured before the start of construction.
In order to provide comprehensive coverage for you as a building contractor, we recommend that you consider our construction insurance as well as our builder’s liability insurance.
Use our online application form or make your own personal consultation appointment.