"IDI" insurance claims - Engineering Insurance Claims

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"IDI" insurance claims

Insurance against potential defects in construction quality (IDI) is an insurance policy taken out by the construction unit of the project, and the insurance company will compensate, repair or replace the damage to the insured building caused by potential defects in construction quality that occurs within the warranty scope and warranty period in accordance with the laws and regulations and the insurance terms and conditions.

Frad Risk Management

Application Scenarios

Service System

Underwriting Risk Assessment

Evaluate the risk points related to the insured project and the participating units, and give underwriting and risk prevention recommendations.

On-site survey

Assigned professionals arrive at the scene to view the accident site, analyze the cause of the accident and understand the damage.

Damage assessment

Combine the on-site survey and collect relevant supporting documents and information to assess the reasonable degree of damage and the reasonableness of the restoration plan.

Summary and Report Issuance

Combine the on-site investigation, analyze the insurance liability, determine the amount of loss, and formally issue a report.

5. Recovery from responsible parties such as construction participants

Based on the cause analysis, the responsible parties shall be recovered by us.