Completion
Bond
for Advance
Payments
AFCA®
FEATURES
CAPACITY TO UNDERWRITE SUMS INSURED UP TO 15 MILLION EUROS ( IN SPECIAL CASES, UP TO 25 MILLION EUROS).
JOINT UNDERWRITING WITH DECENNIAL DAMAGE INSURANCE (SDD).
Risk Coverage
It guarantees the reimbursement of Advance payments in case the construction is not started or duly completed for any reason within the agreed terms.
Who is it for?
Assurance of construction projects
off-plan homes:
- Promoters/Developers
- Housing cooperatives
- Property communities
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