The policy covering all risks for civil construction except the listed exclusions Extended covers Air Freight Additional customs duty Express freight Over time wages Expenses for clearance an removal of debris Damage to insured's surrounding property Third party liability & Cross Liability Escalation in costs Contractor's plant and machinery at the construction site Defects in construction which surface during maintenance period for which the contractor is liable under the terms of agreement with the principal Exclusions First amount of loss mentioned as excess Willful acts or Gross Negligence on the part of Insured &/or his employees War or warlike operations, Civil Commotion, Strike & Locked-out workers Nuclear reaction, nuclear radiation or radioactive contamination Faults or defects existing at the time of commencement of cover ought to have been or were known to the Insured Normal wear and tear, gradual deterioration due to atmospheric conditions or lack of use or obsolescence or otherwise, rust, scratching of painted or polished surfaces or breakage of glass Damage to vehicles licensed for general road use/water borne vessels/equipment mounted or operated or fixed on floating vessels/craft/barges or aircraft Damage or penalties on account of the insured's non-fulfillment of the terms of delivery or completion under his contract of construction or of any obligations assumed there under or lack of performance including consequential loss of any kind or description or for any aesthetic defects or operational deficiencies o Loss of or damage to documents and data o Faults or defects for which the supplier is responsible by law or under contract o Loss of or damage due to faulty design Claims Settlement Claims are payable at the reinstatement value for restoration of affected property to the condition immediately before the occurrence of damage. Cost of any improvement and modifications will not be admitted Documents Required Claim form Survey report by the appointed surveyor Statutory Report - as applicable Estimation of repairs required Bills of repairs/replacement Policy is subject to adjustment based on actual construction cost after completion of project .

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