Building a new home requires two essential compulsory insurances to safeguard against major risks. Given the significant scale of construction projects and potential damages, both the builder and homeowner need robust protection.
While most insurance policies are optional, construction projects are an exception. France's Spinetta Law mandates ten-year insurance and dommages ouvrage (property damage) coverage for homes. This protects against structural damages that could compromise the building's stability or habitability, ensuring homeowners aren't left vulnerable to costly repairs.
This policy is the homeowner's responsibility and covers repairs for structural defects from construction or installation errors. It must be secured before work begins, with premiums based on project scope and technical details from professionals. Notably, it has no deductible and activates without fault determination, providing swift coverage. Compare quotes to find the best fit for your build.
Builders, architects, developers, and project managers must carry this guarantee, covering structural damages and hidden defects that affect solidity or usability for 10 years from project acceptance. Exclusions include weather events, vandalism, or client negligence. The policy is signed pre-work, and professionals must provide proof to clients.
Builders and contractors face up to 6 months in prison and a €75,000 fine for lacking these insurances. Project managers, required to have dommages ouvrage, avoid such penalties.
In summary, dommages ouvrage and ten-year insurances are non-negotiable for new home builds, shielding you from conformity issues and workmanship flaws.
