Request for Insurance against Hidden Defects

The application process in case of having building permit:
- The construction contractor logs into the Balady Business Platform.
- The construction contractor searches for or selects the building permit for which they want to submit an insurance application.
- The construction contractor chooses the procedure to apply for insurance against hidden defects.
- The system displays the building permit data for which the insurance policy application will be submitted.
- The construction contractor reviews the license data and initiates the application.
-The system displays the basic insurance application data.
- A contractor follows up to navigate to the order data page.
- The construction contractor determines whether they are exempt from value-added tax or not.
- If the contractor selects yes, it is mandatory to add the tax certificate number.
- The contractor adds the details of the material costs and clicks next to proceed to the attachments page.
-The contractor adds the required attachments.
-The contractor submits the request after completing the mandatory data.
- The system sends the application data and license data to the insurance company.
- The insurance company completes the application review, and the application status is updated on the Balady platform.
- In the event of the insurance company's completion of the application, the contractor and the Balady platform are notified of the insurance policy fees and the payment link by ins.
- After the contractor pays the insurance fees, the insurance policy against hidden defects is issued, and the contractor is notified with the issued policy number.

The application process in case of having a Survey Report:
- The construction contractor logs into the Balady Business platform.
- The construction contractor accesses the construction services and selects the service to request insurance against hidden defects.
- The construction contractor enters the survey report number.
- The construction contractor enters the contact information for the construction contractor (contact mobile number).
- The system sends a message containing the verification code to the contact mobile number for verification.
- The construction contractor enters the verification code that he received.
- The construction contractor enters the contact details of the license owner (mobile number – email address).
- The system displays the data of the survey report for which an insurance document application will be submitted.
- The construction contractor reviews the survey report data and proceeds to the application data page.
- The construction contractor determines whether they are exempt from value-added tax or not.
- In case the contractor selects yes, it is mandatory to add the tax certificate number.
- The contractor adds the details of the material costs and clicks next to proceed to the attachments page.
- The contractor adds the required attachments.
-The contractor submits the request after completing the mandatory data.
- The system sends the application data and license data to the insurance company.
- The insurance company completes the application review, and the application status is updated on the Balady platform.
- In case the application is completed by the insurance company, the contractor and the Balady platform are notified of the insurance policy fee and the payment link.
-After the contractor pays the insurance fees, the insurance policy against hidden defects is issued, and the contractor is notified with the issued policy number.
 

For more details, please refer to the following link