A Marine-cum-Erection or Contractor’s All Risk policy covers only physical damage to property which, at best, covers the expenses incurred for repairing or replacing the damaged property.
Highlights
A Marine- cum -Erection or Contractor’s All Risk policy covers only physical damage to property which ,at best, covers the expenses incurred for repairing or replacing the damaged property. But what about the financial loss suffered due to delay in commissioning the project ? More so, when your repayment schedule, on loans taken, are linked to the income earned after the scheduled commissioning?
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