What are the Exclusions of Contractors All Risk Insurance in the UAE?

Exclusion of War and Related Risks: Contractor All-Risk Insurance does not cover damages resulting from war, civil unrest, or similar events.

• Willful Damage: Losses caused by intentional actions are not covered.

• Excess for Claims: Each claim is subject to an excess amount, as outlined in the Contractor All-Risk Insurance policy.

• Wear and tear: Damages due to normal wear and tear, rust, obsolescence, or deterioration over time are excluded.
  
• Contractual Penalties: The policy does not cover losses or penalties arising from failure to meet contract terms, such as delivery or completion deadlines.

• Faulty Design and Defective Materials: Contractor All-Risk Insurance excludes coverage for damages caused by faulty design, defective materials, or casting errors, except during erection.