Build to Rent Warranty

Our Private Rental Scheme (PRS) provides the latent defect/warranty backing required by funders and institutional investors in purpose-built private rental schemes. Such investments are expected to be built to the correct standards and properly indemnified should structural defects occur.

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Warranty Services

We have two policies specifically created for the needs of the Build to Rent market. These are:

Private Rental (PRS)

This policy covers defects caused by failures in design, workmanship and materials for up to 12 years from issue of certificates to practical completion.

Reflecting a traditional structural warranty the policy is split into a Defects Insurance Period (DIP) in the first year and a Structural Insurance Period (SIP) for the reminder of the policy length.

Defects (as defined in the policy) are the responsibility of the builder during the DIP period, however if the builder fails to rectify defects in the first year we will cover this for you meaning your investment is secured from day one.


Why choose PRS cover?


Cover during the DIP period covers a range of items, including many elements of M&E and tolerances. This can also be extended up to two years.





Private Rental Select (PRS Select)

This policy also covers against issues in design, workmanship and materials, but differs in that it is a full risk transfer policy from day one with no defects insurance period tied to the builder.


The greatest benefit of this policy however is its long-term flexibility which includes:

  1. Significant reduction in upfront premium - due to variable excesses
  2. Reduce excess - If the asset is sold to another BTR operator you can reduce the variable excess based on the purchasers appetite
  3. Flexibility for the cover to be transferred from one overall certificate into individual residential certificates should you decide to sell to the open market during the insurance period of 10 or 12 years.


Why choose PRS Select cover?


This policy is well suited to a developer or investor comfortable with the initial defects liability provided directly by the builder but still wants the flexibility in later years to change the policy cover should they wish to exit.

Summary of Cover


PRS Cover

PRS Select Cover

Cover Period

10 - 12 years cover 
Defects Insurance Period: 1 years
Structural Insurance Period: 9 or 11 years
10 - 12 years cover
No Defects Insurance Period

Financial Limit

New build: up to £500,000
Conversions: up to £250,000
New build: up to £1,000,000
Conversions: up to £500,000

Continuous Structure Limit

New Build: up to £25,000,000*
Conversions: up to £5,000,000
*higher limits on request
New Build: up to £25,000,000*
Conversions: up to £5,000,000
*higher limits on request

Cover Includes

Machinery Cover (For 5 years from completion)
Contaminated land
Additional costs / fees
Removal of debris
Variable excess from £1,000
Contaminated land
Additional costs / fees
Removal of debris

Optional Cover Available

Builder insolvency (subject to approval)
Loss of rent
Loss of Rent


During construction you will receive a host of benefits, including:

Need advice on which product to choose?

Regardless of development stage and whether a builder, developer or investor, to receive specific advice and guidance on your scheme contact our PRS Consultant, Mike Hobson, using the form below.