Completed Development Warranty

WHAT IS A COMPLETED DEVELOPMENT WARRANTY?

Our Completed Project Warranty (also referred as Latent Defects Insurance) has been designed for completed properties which are less than five years old and were built without the benefit of a Structural Warranty.

 

For the purposes of this cover, a Completed Development is defined as the structure/s which building works have been completed less or equal to 5 years before policy inception.

 

Cover is provided for the balance of 10 years, so for example if you require cover for a 3 year old property, you would receive 7 years of cover.

WARRANTY OVERVIEW

  • Cover Period

    Up to 10 years of Structural Warranty cover - Full protection against losses caused by defects in the design and/or materials and/or workmanship of a property which results in major damage to the structural elements.

  • Risk Transfer

    Full risk transfer from year one of cover - even if the contractor ceases trading or enters into administration.

  • Cover Includes

    Cover as standard for additional costs of removal of debris, professional fees and protection for underground drainage.

  • Additional cover

    Cover available for waterproofing of roofs, waterproofing of external walls, waterproofing for basements, alternative accommodation costs and loss of rental income

Benefits of choosing Premier Guarantee

As a Premier Guarantee customer you will receive a host of benefits, including:

  • Dedicated Account management

    Every Premier Guarantee customer will enjoy professional assistance to help you throughout your application and build process.

  • Technical Support & Guidance

    All customers have access to our expert technical advice and guidance, as well as our Technical Manual.

  • Market Leading Policy Coverage

    Backed by ‘A’ rated Insurers

  • Competitive Premiums

    Our rates are constantly assessed to ensure our quotations are as competitive as possible

LATEST POLICY DOCUMENT

Download the latest Completed Development Policy Document

Download

TECHNICAL STANDARDS

Download your copy of the latest Premier Guarantee Technical Standards

Technical Manual V12

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