{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,12,31]],"date-time":"2025-12-31T18:48:33Z","timestamp":1767206913858,"version":"build-2238731810"},"reference-count":18,"publisher":"MDPI AG","issue":"1","license":[{"start":{"date-parts":[[2020,5,19]],"date-time":"2020-05-19T00:00:00Z","timestamp":1589846400000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by\/4.0\/"}],"funder":[{"name":"FCT (Foundation for Science and Technology)","award":["PTDC\/ECM\u00adCOM\/5772\/2014"],"award-info":[{"award-number":["PTDC\/ECM\u00adCOM\/5772\/2014"]}]}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["CivilEng"],"abstract":"<jats:p>Insurance is a growing economic activity within the construction sector. Homes and buildings are perhaps the most important investment an individual makes in his\/her lifetime. Nevertheless, the market for insurance coverage policies applied to the building envelope is in an embryonic stage, mainly due to the lack of knowledge in terms of risk and costs associated to the failure of these elements. This study provides an innovative and methodological approach to the development of an insurance product that targets the obsolescence of building components. In defining a structured approach to the design of insurance policies for buildings, the use of the service life prediction models proposed in this study allows establishing different types of insurance policies with different risk premiums and evaluating different losses and risks accepted by the owners, thus promoting the increase of the patrimonial value of the asset and reducing the risk of premature failure and the uncertainty of the costs of maintenance during its life cycle.<\/jats:p>","DOI":"10.3390\/civileng1010001","type":"journal-article","created":{"date-parts":[[2020,6,16]],"date-time":"2020-06-16T00:50:49Z","timestamp":1592268649000},"page":"1-9","update-policy":"https:\/\/doi.org\/10.3390\/mdpi_crossmark_policy","source":"Crossref","is-referenced-by-count":1,"title":["Methodological Proposal for the Development of Insurance Policies for Building Components"],"prefix":"10.3390","volume":"1","author":[{"given":"Miguel","family":"Macedo","sequence":"first","affiliation":[{"name":"Department of Civil Engineering, Architecture and Georresources, Instituto Superior T\u00e9cnico, Universidade de Lisboa, Av. Rovisco Pais, 1049-001 Lisbon, Portugal"}]},{"ORCID":"https:\/\/orcid.org\/0000-0001-6766-2736","authenticated-orcid":false,"given":"Jorge","family":"Brito","sequence":"additional","affiliation":[{"name":"Department of Civil Engineering, Architecture and Georresources, Instituto Superior T\u00e9cnico, Universidade de Lisboa, Av. Rovisco Pais, 1049-001 Lisbon, Portugal"},{"name":"CERIS\u2014Civil Engineering Research and Innovation for Sustainability, Department of Civil Engineering, Architecture and Georresources, Instituto Superior T\u00e9cnico, Universidade de Lisboa, Av. Rovisco Pais, 1049-001 Lisbon, Portugal"}]},{"ORCID":"https:\/\/orcid.org\/0000-0003-2910-5298","authenticated-orcid":false,"given":"Carlos","family":"Cruz","sequence":"additional","affiliation":[{"name":"Department of Civil Engineering, Architecture and Georresources, Instituto Superior T\u00e9cnico, Universidade de Lisboa, Av. Rovisco Pais, 1049-001 Lisbon, Portugal"},{"name":"CERIS\u2014Civil Engineering Research and Innovation for Sustainability, Department of Civil Engineering, Architecture and Georresources, Instituto Superior T\u00e9cnico, Universidade de Lisboa, Av. Rovisco Pais, 1049-001 Lisbon, Portugal"}]},{"given":"Ana","family":"Silva","sequence":"additional","affiliation":[{"name":"Department of Civil Engineering, Architecture and Georresources, Instituto Superior T\u00e9cnico, Universidade de Lisboa, Av. Rovisco Pais, 1049-001 Lisbon, Portugal"},{"name":"CERIS\u2014Civil Engineering Research and Innovation for Sustainability, Department of Civil Engineering, Architecture and Georresources, Instituto Superior T\u00e9cnico, Universidade de Lisboa, Av. Rovisco Pais, 1049-001 Lisbon, Portugal"}]}],"member":"1968","published-online":{"date-parts":[[2020,5,19]]},"reference":[{"key":"ref_1","doi-asserted-by":"crossref","first-page":"31","DOI":"10.1016\/S0263-7863(96)00035-X","article-title":"Risk analysis and management in construction","volume":"15","author":"Akintoye","year":"1997","journal-title":"Int. J. Proj. Manag."},{"key":"ref_2","doi-asserted-by":"crossref","first-page":"2","DOI":"10.1061\/(ASCE)0742-597X(2010)26:1(2)","article-title":"Construction risks: Single versus portfolio insurance","volume":"26","author":"Kandil","year":"2010","journal-title":"J. Manag. Eng."},{"key":"ref_3","doi-asserted-by":"crossref","first-page":"208","DOI":"10.1016\/j.buildenv.2013.12.014","article-title":"Stakeholder-associated risks and their interactions in complex green building projects: A social network model","volume":"73","author":"Yang","year":"2014","journal-title":"Build. Environ."},{"key":"ref_4","doi-asserted-by":"crossref","unstructured":"Bunni, N.G. (2003). Risk and Insurance in Construction, Routledge. [2nd ed.].","DOI":"10.4324\/9780203476543"},{"key":"ref_5","first-page":"30","article-title":"Reducing losses from catastrophes: Role of insurance and other policy tools","volume":"58","author":"Kunreuther","year":"2016","journal-title":"Environment"},{"key":"ref_6","doi-asserted-by":"crossref","first-page":"311","DOI":"10.1007\/s10584-017-1938-8","article-title":"A case for further refinement of the green climate fund\u2019s 50:50 ratio climate change mitigation and adaptation allocation framework: Toward a more targeted approach","volume":"142","author":"Brechin","year":"2017","journal-title":"Clim. Chang."},{"key":"ref_7","doi-asserted-by":"crossref","unstructured":"Suweero, K., Moungnoi, W., and Charoenngam, C. (2017). Outsourcing decision factors of building operation and maintenance services in the commercial sector. Prop. Manag.","DOI":"10.1108\/PM-06-2016-0028"},{"key":"ref_8","doi-asserted-by":"crossref","first-page":"58","DOI":"10.3846\/1648715X.2016.1245684","article-title":"Application of key performance indicators for maintenance management of clinics facilities","volume":"21","author":"Shohet","year":"2017","journal-title":"Int. J. Strateg. Prop. Manag."},{"key":"ref_9","doi-asserted-by":"crossref","first-page":"379","DOI":"10.1080\/0961321042000221007","article-title":"Residential building damage and natural perils: Australian examples and issues","volume":"32","author":"Blong","year":"2004","journal-title":"Build. Res. Inf."},{"key":"ref_10","doi-asserted-by":"crossref","first-page":"1196","DOI":"10.1111\/risa.12247","article-title":"Concerns, Challenges, and Directions of Development for the Issue of Representing Uncertainty in Risk Assessment","volume":"34","author":"Flage","year":"2014","journal-title":"Risk Anal."},{"key":"ref_11","doi-asserted-by":"crossref","first-page":"645","DOI":"10.1111\/j.1539-6924.2008.01058.x","article-title":"Is probability the only coherent approach to uncertainty?","volume":"28","author":"Colyvan","year":"2008","journal-title":"Risk Anal."},{"key":"ref_12","doi-asserted-by":"crossref","first-page":"1396","DOI":"10.1061\/(ASCE)MT.1943-5533.0000312","article-title":"Limit States and Service Life of Cement Renders on Fa\u00e7ades","volume":"23","author":"Gaspar","year":"2011","journal-title":"J. Mater. Civ. Eng."},{"key":"ref_13","doi-asserted-by":"crossref","first-page":"305","DOI":"10.1080\/01446190210125563","article-title":"Deterioration patterns of building cladding components for maintenance management","volume":"20","author":"Shohet","year":"2002","journal-title":"Constr. Manag. Econ."},{"key":"ref_14","doi-asserted-by":"crossref","unstructured":"Silva, A., de Brito, J., and Gaspar, P.L. (2016). Methodologies for Service Life Prediction of Buildings, Springer International Publishing AG.","DOI":"10.1007\/978-3-319-33290-1"},{"key":"ref_15","doi-asserted-by":"crossref","first-page":"4893","DOI":"10.1617\/s11527-016-0832-6","article-title":"Comparative analysis of service life prediction methods applied to rendered fa\u00e7ades","volume":"49","author":"Silva","year":"2016","journal-title":"Mater. Struct. Constr."},{"key":"ref_16","doi-asserted-by":"crossref","first-page":"31","DOI":"10.1080\/014461998372565","article-title":"Risk management in the insurance industry: Insights for the engineering construction industry","volume":"16","author":"Ranasinghe","year":"1998","journal-title":"Constr. Manag. Econ."},{"key":"ref_17","first-page":"60","article-title":"Proposed method of estimating the service life of building envelopes","volume":"14","author":"Madrigal","year":"2015","journal-title":"Rev. Constr."},{"key":"ref_18","unstructured":"Stapleton, R.C., Brealey, R., and Myers, S. (2006). Principles of Corporate Finance, Tata McGraw-Hill Education."}],"container-title":["CivilEng"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/www.mdpi.com\/2673-4109\/1\/1\/1\/pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2025,10,11]],"date-time":"2025-10-11T09:30:24Z","timestamp":1760175024000},"score":1,"resource":{"primary":{"URL":"https:\/\/www.mdpi.com\/2673-4109\/1\/1\/1"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2020,5,19]]},"references-count":18,"aliases":["10.3390\/ce1010001"],"journal-issue":{"issue":"1","published-online":{"date-parts":[[2020,6]]}},"alternative-id":["civileng1010001"],"URL":"https:\/\/doi.org\/10.3390\/civileng1010001","relation":{},"ISSN":["2673-4109"],"issn-type":[{"value":"2673-4109","type":"electronic"}],"subject":[],"published":{"date-parts":[[2020,5,19]]}}}