The calculator and the quote form below are in Dutch. Prefer to do this in English? Email info@finassverzekert. nl or call 072 - 509 24 56 and we will take it from there.
Work out for yourself what it would cost.
Enter your details; you will receive a proposal within one working day.
We compare the offerings of several insurers
An adviser checks whether the cover suits your activities
A premium indication, not personal advice. Prefer to talk it through? Call 072 - 509 24 56.
In brief
With a temporary CAR you insure one project with a fixed start and end date, instead of covering all your works under a continuous contract. That is the logical form for a one-off major project, for a project that falls outside your usual activities, or where the client's specification requires a separate policy for this work with the client named as insured. See also the continuous CAR for construction and erection work.
Everything hinges on the term. Cover runs from the start of construction to handover, plus the maintenance period included in the policy. Construction projects almost always overrun, and if the end date passes while the crane is still standing there, cover stops from that moment. Extension is only possible before the end date; no insurer will sell you a period in which damage has already occurred.
We set the contract sum, the construction period and the maintenance period alongside the contract and the programme, and build in a margin. We also record who is named as insured on the policy: the client, the main contractor, the subcontractors and the architect each have their own position, and anyone not named can still be held liable.
The structure of the cover in three parts, with an overview per situation below.
Section 1
The works
Damage to the works themselves during construction or installation.
Fire, storm and water
Theft of materials
Inherent defect and design fault
Vandalism on the building site
Section 2
Liability
Damage to property and persons of third parties on and around the works.
Adjoining premises
Injury to bystanders
Cables and pipes
Optional
Extensions
What comes into play alongside the works themselves.
Client's existing property
Ancillary plant and site huts
Maintenance period
What is covered
Situation
Works section
Liability section
Storm or water damage to the works in progress
Yes
No
Theft of materials from the building site
Sometimes
No
Damage to an adjoining building
No
Yes
Injury to a bystander
No
Yes
The client's existing property
Sometimes
Sometimes
Repair of your own defective work
No
No
This overview is general in nature and is not personal advice. What is actually covered, including exclusions, limits and the excess, is set out in the policy conditions and the insurance card (verzekeringskaart) of the insurer; you receive both before you take out cover. Taking out cover without advice? Then read what execution only means for you.
Where things go wrong in practice
Four points that make the difference between a policy that pays out and one that does not.
The end date is a hard limit
Unlike a continuous policy, cover here ends on a date, not on cancellation. If the work overruns because of frost delays, permits or delivery times, you must extend before that date. Put the end date in the diary of whoever manages the programme, with a generous margin, and not only in the administration. Damage that occurs after the end date falls outside the cover, even if the work was virtually finished.
The maintenance period is a separate choice
After handover there is usually a maintenance period in which you put defects right. The CAR offers a restricted and an extended version for this. The restricted version covers only damage you cause yourself during remedial work. The extended version also covers damage that comes to light after handover and has its cause in the construction period. For conversions in occupied premises, that difference is significant.
The client's existing property
In conversion and renovation work, the work is carried out in or against something that already belongs to the client: the existing home, the adjoining facade, the installations. That existing property is not part of the works and is only insured if that section has been included separately, with its own sum insured. Forget it on an extension, and the extension is covered while the house it is attached to is not.
What the CAR does not pay out for
Loss due to delay, penalties and reductions for late completion fall outside the cover, even where the delay results from an insured loss. The cost of putting right defective materials or badly executed work is not paid. The consequential damage to the rest of the works often is. Normal wear and gradual deterioration are excluded. And damage caused by failing to take obvious precautions, such as missing dewatering or sheeting, is rejected.
What does your premium depend on?
Contract sum for the project. The contract value including variations is the basis for the sum insured and the premium.
Construction period plus maintenance period. The total term determines how long the risk is open, including any winter period.
Nature of the work. New build on an open site is lighter than renovation, demolition, piling or building against an existing facade.
Existing property within the risk. If you build in or against property belonging to the client, a separate section with its own sum insured is added.
Location of the site. Inner-city work with adjoining properties, water nearby or work below ground level increases the risk of damage to the surroundings.
Excess per section. For storm, water and damage to existing property, higher, separate excesses often apply.
Insurers weigh these details differently. That is where your saving is.
How we arrange it
You request a quoteWe take stock of your situation, your risk and your wishes.
We compareseveral insurers, on premium as well as conditions.
You receive a proposalWith an explanation of the differences and the exclusions.
We arrange the switchIncluding cancellation, so there is no gap in cover.
Customers rate our service on four aspects: personal service, service delivery, availability and the outcome. The reviews are collected and published by NH1816 and come from customers who have actually taken out a policy with Finass Advies B.V. or reported a claim.
My project is overrunning. Can I extend it afterwards?
No. An extension must be arranged before the end date has passed. If you come to us after that, you are insuring a period in which the risk has already started to run and in which damage may already have occurred. An insurer will not accept that. Ask for an extension as soon as you know the programme is slipping, not in the final week.
What is the difference with a continuous CAR?
A continuous CAR covers every project you take on in a year, with a maximum per project, and is settled on turnover. A single-project CAR covers one named project with a fixed term and a fixed sum insured. If you carry out works regularly, a continuous policy is cheaper and safer; for a one-off or unusual project the single-project form is more appropriate.
Who can I have named as insured on the policy?
The usual parties are the client, the main contractor, the subcontractors and sometimes the site supervisor or architect. Anyone named on the policy cannot claim against a co-insured party: this prevents claims between them. If you exclude subcontractors, they can be pursued for a loss. Follow the requirements in the specification to the letter.
Does the temporary CAR also cover my crane and site huts?
Only if the ancillary plant section is included. The works themselves are the main section; plant, site huts, scaffolding and tools form a separate section with its own sum insured and often its own excess. Plant you hire is not automatically included. For that, the hirer's interest has to be named.
Finass Verzekert is a trading name of Finass Advies B.V. We advise on and arrange non-life insurance on the basis of an objective analysis of several insurers, and receive commission for this from the insurer, which is included in the premium. You pay no separate advice fee. Before you take out cover, we establish your wishes and needs.
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