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What happens if a project overruns and we come to the end of the insurance period, but the project hasn’t finished?

Our product is a non-renewable, single period package which is designed to offer cover for the duration of the works. We will offer a contract term based on the projected duration of the project. Our policies can be purchased for as little as three months, of for multiple years in one hit.

In the event that the project duration is underestimated (and this happens a good 85% of the time) we are able to extend the policy. We can extend multiple times, but please be aware that we will eventually apply administration fees if we find ourselves extending over and over again. It is important to be realistic about the time it is going to take to achieve practical completion on a project before the works start, to avoid excess stress and additional insurance admin fees.