WEGs planning larger repairs, energetic modernization, roof, facade, balcony, basement, or heating projects.
Coverage
Project coverage for renovation, modernization, and repair work
WEG construction project insurance
Construction project insurance helps WEGs manage special risks during roof work, facade renovation, heating replacement, energy upgrades, and other larger building projects.Program fitWEG construction project insurance
- Builder's liability for third-party injury or property damage during the project.
- Construction all-risk or works coverage for damage to the project works before acceptance.
- Optional coordination with existing building insurance, contractor liability, and planning liability.
Who this is for
Ingo separates WEG object insurance from the property manager's own business risk, so owners and managers can make cleaner decisions.
Managers coordinating architects, contractors, owners' resolutions, and project budgets.
Projects where a loss during construction could trigger delays, disputes, or special assessments.
What to watch
WEG insurance decisions need to be understandable for owners while still being precise enough for underwriting, claims, and renewals.
Standard annual property policies may not fully cover construction-phase risks or project works.
Responsibilities between WEG, manager, architect, contractor, and existing insurers must be clear.
Owners often need insurance costs and responsibilities included before approving the project budget.
How Ingo reviews it
A clear review turns policy wording, object data, claims history, and owners' meeting decisions into practical options.
Review the project scope, budget, timeline, parties, contracts, and existing insurance clauses.
Coordinate builder's liability, construction works, contractor evidence, and existing building insurance.
Prepare a concise insurance note for the owners' resolution and project documentation.
Review checklist
Bring these materials to a broker conversation so the review can move from policy labels to concrete terms.
- Project description, cost estimate, timeline, and construction contracts
- Architect, engineer, contractor, and project manager insurance evidence
- Existing building policy and carrier notification requirements
- Owners' resolution draft and responsibilities for insurance costs
Common questions
When does a WEG need construction project insurance?
It should be reviewed before larger renovation or modernization projects, especially when the budget, site exposure, or work on common property is significant.
Is contractor insurance enough?
Not always. Contractor policies protect the contractor first and may not cover the WEG's own builder risk or damage to project works as expected.
Review WEG insurance before renewal pressure starts.
Compare policy wording, deductibles, exclusions, and object data before the next owners' meeting.