If you are a property developer or are a buyer looking at a new build home, there are a few things to consider. Anything can go wrong after a property has been built. Even well known house builders have produced sub standard houses. For this reason, it is essential that you have a guarantee such … Read More
Latent Defects Insurance
Structural warranty insurance: 6 Important reasons why it builds a solid foundation
Structural warranty insurance, also called latent defects insurance, is significant for any property development. It builds a solid foundation for property developers, as well as owners and tenants. If damage does occur because of defects in the structure of a new building, structural warranty insurance covers the cost of repairing the damage. This could be poor … Read More
Latent Defects & Structural Warranty Insurance
Latent Defects Insurance (or also known as Building Warranty Insurance or Structural Warranty Insurance) is usually required by Property Developers, Finance Providers or New Build Contractors, amongst others, for both Commercial and Residential Properties. In principle, an Insured can be anyone who has an interest in the property. The policy covers Faulty Design, Workmanship or … Read More
Bovis Homes shame – Why Latent Defects is so Important…
Even a well known national house builder can get it very wrong. UK house builder, Bovis Homes, has received complaints from hundreds of buyers over the quality of some of its new homes. The reason stated was ‘production problems’ according to the Financial Times which affected over 180 homes. One £490,000 home had about 100 … Read More
