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Construction Insurances

Gandalph · 2018-11-22 15:00:00

Can someone explain to me the difference between the few types of construction insurances that have a place in today's industry? Collateral Warranties, Latent Defect Insurance, Homebonds, Inherent Defect Insurance etc (any others I may have missed) I come across them from time to time in work chat and would just like to…

22-11-2018 3:00pm

#1

Gandalph

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Posts: 1702

Can someone explain to me the difference between the few types of construction insurances that have a place in today's industry? Collateral Warranties, Latent Defect Insurance, Homebonds, Inherent Defect Insurance etc (any others I may have missed)

I come across them from time to time in work chat and would just like to know a bit more, Google is not really giving me a clear cut answer. I get the concept of a few but some of them generally seem to cross wires when I'm looking into them. This would be in relation to larger house/apartment developments.

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