The term “Works Replacement” policy refers more specifically to a posthumous multi-year policy to guarantee direct damage to assets. This definition contains the concepts that make this policy different from any other coverage on the market, especially from policies coming from the “Third Party Civil Liability and Product Civil Liability” branch.

With the Works Replacement Policy, Certificates are issued for each individual work with full value and which remain valid for the entire duration indicated on the certificate itself. It is therefore fundamental that this type of guarantee is provided even if the hypothetical accident does not cause damage to third parties, as is the basic principle of third-party liability policies.