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Structural Damage Insurance: critical protection for the project owner

Structural damage insurance is essential for large scale projects and when losses occur, the insurer notifies a Stelliant Loss Adjusting adjuster. Structural Damage insurance protects project owners, whether individuals or developers, against decennial claims for a period of 10 years after a building is delivered. It allows prefinancing of damage repair costs, but it also tasks the insurer with handling the recourse process with the construction companies involved. It is mandatory for all large-scale renovation or construction work, and covers significant damage that can affect load-bearing walls, the frame or the ceiling of a residence. Broad insurance coverage for an equally broad category of claims.

Losses covered by Structural Damage insurance

Structural Damage insurance covers any defects that make the construction project unsuitable for its intended purpose or affecting its solidity within a period of ten years after it is delivered. These claims, which are somewhat serious in nature, can take different forms: cracking in a wall, roof collapse, water ingress, waterproofing problems, etc.

Some things do not fall under Structural Damage coverage: construction delays, purely aesthetic damage, disruption caused by inclement weather (lightning, floods, etc.), and losses caused by fires or water damage, for example. These are covered by various multi-risk home insurance policies.

Structural Damage insurance: solid loss adjusting

Once it is contacted by the project owner’s insurer, Stelliant Construction Loss Adjusting deploys one of its experts to analyse the loss and determine the cause. It also has a period of 60 days after the insurer’s declaration to submit its report and determine whether the damage is or is not covered by structural damage insurance.

Then the loss adjuster has an additional 30-day period (which can sometimes be extended) to quantify the loss and calculate the necessary repair work.

Often, the construction loss adjustment is a joint endeavour, since the loss adjuster is responsible for calling in the companies involved in the construction project. This is a critical step in determining each party’s liability and identifying repair and compliance solutions.

Insurers can then compensate the injured project owner based on this loss adjustment, done by a seasoned expert in construction problems and the nuances of related insurance. The company responsible can also choose to repair the loss it caused itself.

CRAC loss adjusters for Structural Damage insurance

With 150 loss adjusters holding CRAC certification, Stelliant Construction Loss Adjusting is qualified to work on behalf of all parties, both for structural damage insurance and for Decennial Liability for companies involved. A single loss adjuster working for many parties: an efficient method that makes the remedy process significantly easier, especially for high-stakes claims, on which CRAC loss adjusters are able to work. With this in mind, they can call up Géosynthèse and its engineers who, alongside the project owner and its insurer, offer comprehensive assistance in three areas: analysis and diagnostics, design and project management execution.

Then, Stelliant After Loss Solutions supports the policyholder by offering in-kind repair solutions, even going so far as to bring a contractor on board in the most complex cases to restore the construction project to its original appearance.

keys facts

250
construction
loss adjuster

150
CRAC qualified
loss adjusters

40
locations
in France and overseas