Construction Performance Insurance for GÜ Project - How/What to Insure

Hi!

So far, I have only taken out a builder's liability insurance. Since the general contractor is obligated by a contract for work to deliver a finished product in the end, I assume that no construction all-risk insurance is necessary for that.

However, soon there will also be self-performed trades for electrical work, for example. The electrician says he is insured against damages, but if someone were to steal something, that would not be covered. So I definitely need construction all-risk insurance for that. Does it even make sense to insure only partial trades that way? I suspect that doesn’t save much and it might be better to insure the entire construction again, right?

I have only taken out builder's liability insurance so far. Since the general contractor is obligated to deliver a finished work at the end under a contract for work and services, I assume that no construction all-risk insurance is necessary for that.

Are you sure about that? You are building with a general contractor and not a property developer, so you are in control of the construction site the whole time. If you forget to take out the insurance and the gas boiler disappears, it gets tricky. These things were reportedly stolen from about every second house during the construction phase for a while here. Isn't fire shell insurance also missing? For the general contractors in this area, these three insurances are mandatory; otherwise, the construction won't start.

No, I am not sure. But they just wanted to have the builder's liability insurance presented. Nothing else.

I will clarify and otherwise quickly finalize it.

Is a [Bauleistungsversicherung] equivalent to a [Bauwesenversicherung]?

yes, they are often used synonymously.

The shell construction is often unnecessary if you have taken out a residential building insurance for the period after the construction.

The shell construction is often free if you have taken out a building insurance policy for the period after construction.

I need to find out where there are good building insurance policies with a good price/performance ratio.

To my knowledge, you already have to take out building insurance now in order to benefit from the free fire insurance. For us, it was _vor_ the start of construction mandatory. Otherwise, the BU would not have started. So don’t take too long. You know: nothing can be insured retroactively.