What is Rectification Costs | Insurance glossary by upcover

This cover pays for costs to repair mistakes or damage caused by defective workmanship when the resulting loss is insured. For instance, if faulty pipework causes water damage, the resulting water repairs may be covered. Why it matters: It ensures fair coverage, protecting against the damage caused, and not just the defect itself.

Related Terms

Third-Party Property Damage on Common Property (Strata)

Third-Party Injury on Common Property (Strata)

Stormwater & Drainage Damage (Strata)

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Related Term

Third-Party Property Damage on Common Property (Strata)

Third-Party Injury on Common Property (Strata)

Stormwater & Drainage Damage (Strata)

All Category

Financial

Legal

Insurance Documents

Fundraising

Employment

Policy

Risk Management

E&O

D&O

Commercial Insurance

Cyber

Compliance

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