Products APRIL Construction Construction and Renovation Insurance

Construction and Renovation Insurance

Target

For contractors undertaking new construction projects, as well as major or minor renovations.

**Available for  Quebec 

About

On construction sites, a loss can jeopardize your clients’ businesses. Discover APRIL Canada’s insurance solution, designed for new construction and renovation projects to provide appropriate protection against these risks.

Coverage

  • Extended formula
  • Off-site and in-transit property included
  • Sewer backup

Underwriting norms

  • Construction contractors with a minimum of 3 years in business and self-construction under the supervision of the general contractor
  • Optional liability coverage up to $1 million
  • 3, 6, 9 or 12 months policies (only up to 3 months for renovation)
  • Possibility of adding the client to the contract
  • Residential and commercial properties up to 3 floors and 20,000 square feet
  • New construction project:
  • Construction costs not exceeding $1,000,000
  • Project up to 20% complete
  • Renovation project:
  • Construction costs not exceeding $250,000