Voluntary Insurance for Advance Payments (SEVCA®)
Innovative product for the Real Estate sector.
3-year maximum duration with annual renewal.
Global protection: continuity through Bond Insurance.
It guarantees the anticipated amounts handed in by the buyers to the promoters/developers, cooperatives and property communities prior to the obtention of the building license
WHO IS IT FOR?
Natural and legal persons that promote housing construction and obtain payments from the buyers prior to the building license:
- Housing cooperatives
- Property communities
- To provide security to the buyers
- To guarantee the fulfilment of all the requirements for the project advancement
- To dynamize house sale