Learn more about the Maintenance Bond policy.
A bond that guarantees the contractor will fix defects or maintenance issues that arise within the defect liability period post-handover.
Maintenance Bonds ensure that contractors fix post-completion defects. If they fail, the project owner can claim losses from the insurer.
If the contractor fails to rectify construction defects during the maintenance or defect liability period, the insurer compensates the project owner for repairs. This bond supports long-term quality assurance.
Civil contractors, builders, road contractors, Firms involved in turnkey and design-build-finance-operate projects, Housing or infra companies under RERA compliance.
Request a free consultation for the Maintenance Bond policy.
