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?

Insurance of house building projects off plan:

  • Promoters/Developers
  • Housing cooperatives
  • Property communities

SSR Values

  • High level of specialization
  • Risk analysis of all types
  • Agility and flexibility in the study of this kind of operations
  • 48-hour quote commitment

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