How is indirect damage covered by the ten-year insurance of a building tradesman in Lyon?

L’ten-year insurance is a legal system which offers financial protection to property owners against possible damage caused by the construction or renovation of their property. This insurance is essential for everything building craftsman, especially in a growing city like Lyon. But what about indirect damage? Are they covered? Let’s see this in detail.

Understanding Ten-Year Insurance

L’ten-year insurance is a legal obligation for any manufacturer, including thebuilding craftsman. It covers damage which compromises the solidity of the work or renders it unfit for its use for a period of ten years from receipt of the work. This damage is often referred to as direct damage, but ten-year insurance is not limited to this damage alone.

Coverage for Indirect Damage

Indirect damage refers to any damage which is not directly linked to construction, but which is caused by a defect in the work. This may include physical damage to property other than the work itself, or financial loss resulting from such damage.

To be covered, this damage must be a direct consequence of ten-year damage. For example, if a roof poorly constructed by a building craftsman in Lyon causes a leak which damages valuable furniture inside the house, theten-year insurance would cover the repair of the roof (direct damage), but also the repair or replacement of damaged furniture (indirect damage).

The Limits of Indirect Damage Coverage

It is important to note that not all indirect damage is automatically covered. Certain indirect damages, such as loss of use of commercial real estate due to repair work, may not be covered by theten-year insurance. For these situations, business interruption insurance may be necessary.

In addition, coverage for indirect damage is often subject to an assessment by the insurer. If the insurer considers that the link between the construction defect and the indirect damage is too tenuous, the claim may be rejected.

The Importance of Purchasing Ten-Year Insurance

For a building craftsman in Lyon, the subscription of a ten-year insurance is not only a legal obligation, but it also constitutes an essential protection against the financial risks linked to its activity. This insurance not only protects the professional in the event of poor workmanship, but it also offers a guarantee to customers in the event of damage, direct or indirect.

In conclusion, theten-year insurance offers coverage for indirect damage caused by a construction defect, under certain conditions. It is therefore essential for any building tradesman to fully understand the scope of this insurance, to offer the best protection to their clients while protecting themselves.