The adjacent buildings condition documentation report is a condition for providing insurance coverage in third-party insurance within the contractor work insurance policy, for damages that will be caused during or due to vibration, ground support weakening and the like, in the Bit 2013 policy.
Its purpose is to document the condition of buildings adjacent to the construction project before work begins in order to determine, if damages are caused to adjacent buildings, to what extent, if at all, the work contributed to these damages.
The higher the probability of damage to neighboring buildings, the more critical the importance of conducting the survey.
Failure to conduct it and submit it to the insurance company before the project begins may result in lack of insurance coverage for these damages.
Here, extreme attention to small details is required, and this is also how professionalism is measured in planning your insurance setup for the project, and regarding this matter, I would like to enlighten you with important information.
I see you're mentioning an article by John Geva, Hadas - Lawyers regarding a Supreme Court ruling from June 2017.
Report documenting the condition of nearby buildings - so that the neighbors won't celebrate over you
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Contractors' insurance of various types, especially TAMA 38 insurance, building preservation and restoration insurance, and construction evacuation insurance, require extensive knowledge not only in insurance but equally in the construction industry.
Here, in-depth familiarity with construction processes, the manner of performing the work, equipment, materials, and professionals (planners, operators, and supervisors alike) is required. Without it, the professional cannot even know about the existence of important tools for constructing contractor insurance policies or developer insurance, such as a survey of nearby buildings. Indeed, this type of survey is usually not submitted to the insurance company, and the contractor exposes himself to unnecessary risks (as evidenced by the fact that quite a few claims in this area are rejected by the insurance company). In addition, there are other opinions and surveys that may pave the way for maximum insurance coverage.
Here's the English translation:
What can cause damage to adjacent houses? There are countless scenarios! Work for excavating a basement adjacent to or near third-party buildings, damage to a fence or dividing wall, compressor work or drilling machine that shook the structure or caused cracks and explosions in house walls, a crane that collapsed, ground subsidence in the work compound that 'pulled' the neighbor's driveway with it.
This is the place to talk about the term in the title: so the neighbors won't celebrate over you!!! Here:
Let's assume no adjacent building documentation survey was conducted Next to the construction project stands an old house (a very familiar situation when building between adjacent residential houses and in urban renewal projects). The foundations are no longer sound, the plaster is peeling, cracks have opened in the exterior walls and more. If you started foundation excavation without conducting an adjacent building documentation survey, even without causing any damage on your part, the neighbors might sue you for the damages (which indeed have already existed for years) and you will have a very hard time proving otherwise. And from here it rolls forward... When you want to activate the contractor work insurance policy you hold, the insurance company will claim that you didn't transfer to them before the start of construction the adjacent buildings condition documentation survey as required by the insurance coverage terms for vibration and ground support weakening, and therefore the claim will be rejected or the compensation will be partial only. If only someone had drawn your attention to this and you had conducted a survey to document the condition of adjacent buildings - everything would have looked different.
This wouldn't have happened with us!!!
The slogan - the leading agency in the construction industry - was built stone by stone (that is - policy by policy) over 30 years of hard work (and yes... also mud, cement and sometimes nails in shoes). During years of hard work specializing in construction industry insurance, we accumulated rich experience and professional knowledge, deep familiarity with a wide range of professionals, and a status that gives additional weight to our word with insurance company underwriters responsible for issuing contractor work insurance policies of all types.
All these give you advantages in contracting with us that you won't find elsewhere:
We develop creative solutions that pave the way for maximum coverage for you and as surprising as it may sound - at especially cost-effective rates.
We employ a team of construction industry experts composed and adapted according to the nature of the project and the risks that may occur in it for developing surveys, tests, and expert opinions to provide you with maximum insurance coverage.
We are available to serve you at all times and for any need that arises, ready to provide professional consultation and guidance aimed at preventing unnecessary risks for you. And of course, heaven forbid in the event of a dramatic insurance event, if necessary, a team of construction industry experts whose services we have been using for years will also come into the picture and will help you exhaust your rights in the event of damage.
It is recommended to remember!
In the construction industry, everything is big. The projects are large in terms of financial scope, the profits are large, but the damages are also large and they cost a lot of money.
The question is where will this money come from?
And the answers: From a good, professional insurance policy - or from your own pocket?
Therefore, we suggest that you call us before the start of any construction project.
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