Inherent defects insurance IDI

{
  "id": "MLC-T-INS-001830",
  "term": "Inherent defects insurance IDI",
  "field": "Insurance and risk management",
  "definition": "A specialized insurance policy that covers the cost of repairing or rectifying defects in a building's design, materials, or workmanship that existed at the time of construction but were not apparent. This coverage protects property owners against latent defects that manifest after completion, often for a period of 10 to 12 years. It is distinct from standard property insurance, which covers sudden and accidental damage.",
  "url": "https://mlchart.com/terminology/insurance/inherent-defects-insurance-idi/"
}