{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,10,23]],"date-time":"2025-10-23T05:41:09Z","timestamp":1761198069689,"version":"build-2065373602"},"reference-count":33,"publisher":"MDPI AG","issue":"6","license":[{"start":{"date-parts":[[2022,5,24]],"date-time":"2022-05-24T00:00:00Z","timestamp":1653350400000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by\/4.0\/"}],"funder":[{"DOI":"10.13039\/501100001871","name":"FCT (Portuguese Foundation for Science and Technology)","doi-asserted-by":"publisher","award":["PTDC\/ECI-CON\/29286\/2017","UI\/BD\/151150\/2021"],"award-info":[{"award-number":["PTDC\/ECI-CON\/29286\/2017","UI\/BD\/151150\/2021"]}],"id":[{"id":"10.13039\/501100001871","id-type":"DOI","asserted-by":"publisher"}]}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Buildings"],"abstract":"<jats:p>Currently, insurance companies exclude the buildings\u2019 envelope of their policies since they lack reliable information about the risks and degradation models and are unable to estimate the probabilities of intervention and corresponding costs. This study intends to overcome the existing gap, proposing property maintenance insurance policies developed based on condition-based maintenance plans, using stochastic information regarding the degradation process of the buildings\u2019 envelope elements in the definition of insurance policies. To perform this work, external thermal insulation composite systems (ETICS) are used as case study, for the definition of an insurance policy. This approach allows reducing the uncertainty associated with the degradation of ETICS even when subject to scheduled maintenance actions. Several insurance policies are analysed, with different insurance premiums, evaluating different risks accepted by the owners when adopting a certain maintenance plan. For owners, the main advantages of acquiring this insurance product are: (i) changing the nature of the risk, transferring the risk to the insurer; and (ii) increasing the asset\u2019s equity value, reducing the risk associated with the degradation of ETICS and the uncertainty of maintenance costs over time.<\/jats:p>","DOI":"10.3390\/buildings12060707","type":"journal-article","created":{"date-parts":[[2022,5,24]],"date-time":"2022-05-24T22:04:06Z","timestamp":1653429846000},"page":"707","update-policy":"https:\/\/doi.org\/10.3390\/mdpi_crossmark_policy","source":"Crossref","is-referenced-by-count":2,"title":["Insurance Policies for Condition-Based Maintenance Plans of ETICS"],"prefix":"10.3390","volume":"12","author":[{"ORCID":"https:\/\/orcid.org\/0000-0002-2440-0549","authenticated-orcid":false,"given":"Il\u00eddio S.","family":"Dias","sequence":"first","affiliation":[{"name":"Civil Engineering Research and Innovation for Sustainability (CERIS), Department of Civil Engineering, Architecture and Georesources, IST-University of Lisbon, Av. Rovisco Pais, 1049-001 Lisbon, Portugal"}]},{"ORCID":"https:\/\/orcid.org\/0000-0001-6715-474X","authenticated-orcid":false,"given":"Ana","family":"Silva","sequence":"additional","affiliation":[{"name":"Civil Engineering Research and Innovation for Sustainability (CERIS), Department of Civil Engineering, Architecture and Georesources, IST-University of Lisbon, Av. Rovisco Pais, 1049-001 Lisbon, Portugal"}]},{"ORCID":"https:\/\/orcid.org\/0000-0003-2910-5298","authenticated-orcid":false,"given":"Carlos Oliveira","family":"Cruz","sequence":"additional","affiliation":[{"name":"Civil Engineering Research and Innovation for Sustainability (CERIS), Department of Civil Engineering, Architecture and Georesources, IST-University of Lisbon, Av. Rovisco Pais, 1049-001 Lisbon, Portugal"}]},{"ORCID":"https:\/\/orcid.org\/0000-0002-0513-0723","authenticated-orcid":false,"given":"Cl\u00e1udia","family":"Ferreira","sequence":"additional","affiliation":[{"name":"Civil Engineering Research and Innovation for Sustainability (CERIS), Department of Civil Engineering, Architecture and Georesources, IST-University of Lisbon, Av. Rovisco Pais, 1049-001 Lisbon, Portugal"}]},{"ORCID":"https:\/\/orcid.org\/0000-0003-4038-6748","authenticated-orcid":false,"given":"In\u00eas","family":"Flores-Colen","sequence":"additional","affiliation":[{"name":"Civil Engineering Research and Innovation for Sustainability (CERIS), Department of Civil Engineering, Architecture and Georesources, IST-University of Lisbon, Av. Rovisco Pais, 1049-001 Lisbon, Portugal"}]},{"ORCID":"https:\/\/orcid.org\/0000-0001-6766-2736","authenticated-orcid":false,"given":"Jorge","family":"de Brito","sequence":"additional","affiliation":[{"name":"Civil Engineering Research and Innovation for Sustainability (CERIS), Department of Civil Engineering, Architecture and Georesources, IST-University of Lisbon, Av. Rovisco Pais, 1049-001 Lisbon, Portugal"}]}],"member":"1968","published-online":{"date-parts":[[2022,5,24]]},"reference":[{"key":"ref_1","doi-asserted-by":"crossref","unstructured":"Silva, A., de Brito, J., and Gaspar, P.L. (2016). Methodologies for Service Life Prediction of Buildings: With a Focus on Fa\u00e7ade Claddings, Springer. [1st ed.].","DOI":"10.1007\/978-3-319-33290-1"},{"key":"ref_2","doi-asserted-by":"crossref","unstructured":"de Brito, J., Pereira, C., Silvestre, J.D., and Flores-Colen, I. (2020). Expert Knowledge-Based Inspection Systems. 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