TAMA 38 (1-3) insurance for strengthening buildings against earthquakes is the most common type of urban renewal insurance. It is one of the most complex, and given the high likelihood of claims, the policy usually includes exclusions, conditions, special clauses, and protection requirements.
It is quite clear from all of this that insurance companies are in no hurry to issue insurance policies to strengthen buildings against earthquakes of various types, unless different conditions are set, based on a risk analysis performed by surveyors on their behalf.
Sometimes, the project involves excavations under or near the structure, which is an unusual risk from the insurance companies' perspective. However, the main and problematic characteristic of
Likewise, the risk of possible damage to the existing structure while the work is being carried out is great.
Situations of collapse of the existing structure or significant damage to it occur from time to time in projects of this type.
That's why we are here by your side with our advantages:
The high level of risk involved in implementing the TAMA 38 project illustrates the importance of choosing an insurance agency whose word carries weight with insurance company underwriters and whose expertise is in creating a policy that gives you maximum insurance coverage.
Since the TAMA 38 project is characterized by a high level of malfunctions, it is clear that you need an insurance agency that, beyond its success in formulating a TAMA 38 insurance policy, is also able to ensure, throughout the entire project period and thereafter, that your rights are exhausted when it is necessary to activate the policy due to an insured event.
Insurance TAMA 38 (1-3). Are insurance companies piling up difficulties? That's why we're here.
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We Earned Our Standing in the Construction Industry Through Hard Work
We acquired the status of the leading insurance agency in the construction industry over more than 30 years of our specialization in the field of insurance for construction, entrepreneurship, and real estate companies. The close relationship and trust created between us and the underwriters of insurance companies allows us to apply maximum insurance coverage even in policies with a high risk level such as: product liability insurance, contractor works insurance, TAMA 38 insurance, evacuation and reconstruction insurance, and building preservation and rehabilitation insurance. All these work in your favor and in a big way:
✔ In terms of cost – Not only will we succeed in planning and issuing you a TAMA 38 policy with protection requirements and possible execution guidelines, but we will also bring about significant cost reduction for you.
✔ At the level of coverage scope – We will build you a policy that 'covers all the bases': a combined policy that includes most risks for contractor works adapted to TAMA 38 works at the highest level in Israel, while properly handling exclusions, requirements, and reservations of the insurance company.
✔ In execution speed – Receiving an offer for TAMA 38 project insurance requires preparation time for inquiries and a very long time required to issue a complex policy such as this. Insurance companies are not quick to issue policies in such cases. We are experts in finding creative solutions for all requirements and exclusions while meeting a short timeline.
✔ And... close to you – Both in terms of daily availability and especially providing close professional guidance within which we provide you with a team of insurance experts standing by your side and ensuring that you exercise your rights when damage occurs; in the case of a serious accident - accident experts and lawyers will accompany you in your dealings with the authorities, inspectors from the Ministry of Labor, and the Israel Police.
Insurance for strengthening buildings against earthquakes
Earthquake-proofing of buildings is one of the types of projects that insurance companies consider to be a high insurance risk, and therefore 'regular' contractor policies do not provide you with full insurance coverage for performing the reinforcement work. Insurance companies are also in no hurry to issue insurance policies for earthquake-proofing of buildings...
Construction Evacuation Insurance - TAMA 38-2
Evacuation and construction projects are approved by the authorities with reference to various types of master plans, and among the most common are projects within the framework of TAMA 38-2 , which is included in the category of urban renewal projects. Such a project may be complex to execute. The larger the construction project, the greater the likelihood of activating the policy. In addition to the risks of the contractor's work, there is sometimes another element that deters insurance companies, and that is the population that must be evacuated, which in most cases...
Building preservation and restoration insurance
Building preservation and restoration insurance involves a particularly high level of risk and compensation costs. In addition to the many risks, the implementation of the project also involves meeting the requirements of the Building Preservation and Restoration Law and a significant possibility of damage to the existing structure and adjacent structures.
So far, all the data is not encouraging regarding the possibility of issuing you a building preservation and restoration insurance policy. So, it's time for us to meet...
Professional liability insurance for contractors as part of TAMA 38 insurance
Professional liability insurance provides you with insurance coverage in the event of a third-party claim filed against you due to your legal liability for an act, omission, error or omission that causes damage to a third party, as well as in the event of financial damage such as: a delay in the delivery of a building or apartments due to an insurance event that occurred in the project. In practice, 'surprises' may come from many directions, and therefore...
Safety in the TAMA 38 project
In the TAMA 38 project to strengthen buildings, the residents 'hang around' the workers 'between their legs', the construction manager has no authority or ability to supervise them. The residents are also unaware of the dangers inherent in a construction site. This creates a situation in which, in terms of safety, the residents are the weakest link exposed to the most risks.
A project like TAMA 38 is already complex and problematic to execute, with safety management being a headache for the developer, the contractor, and the construction manager, who is actually responsible for the safety of everyone on the construction site...
Insurance company survey
A tool that allows you to expand your coverage and reduce exclusions and requirements from the insurance company.
Performed on behalf of the insurance company by an expert surveyor in the construction industry, and he is the one who will usually determine the mandatory protection requirements for insurance coverage for the project, as well as the terms of coverage in the event of damage or physical injury to an employee or third party in the project.
The survey will sometimes even affect the way the work is performed. Damage Controls Failure to comply with the survey requirements may even result in the denial of insurance coverage...
Survey to document the condition of nearby buildings
A tool that allows you to expand your coverage and reduce exclusions and requirements from the insurance company.
A documentation survey of adjacent buildings is a condition for covering damage due to shaking and weakening of ground support for buildings adjacent to the project in third-party insurance and is extremely important for insurance coverage.
The survey is intended to document the condition of the buildings adjacent to the construction project before work begins in order to determine, if damage will be caused to nearby buildings, to what extent, if any, the work caused this damage...
Examples of projects we have secured
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