Latent Defects Insurance Policy

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Latent defects are not covered under the traditional policies of Engineering, Fire and Professional Indemnity.
Latent Defect Insurance (LDI) policy is a first party policy, which implies that in the event of a claim this policy can take precedence over any contractual or legal rights.
This policy is assignable during the tenure which means that, the subsequent owners of the property will be assigned the rights of this policy.
Technical inspection by independent engineers improves quality.
Recourse under the law of contract or law of tort is expensive, tedious, and only a first step to recovery.

Product UIN - IRDAN144CP0001V01201819
Disclaimer: The above information is indicative in nature, for more details on complete coverage and terms and conditions, please contact our nearest office and also read the policy document and sales brochure carefully before concluding a sale.