Our New Construction Warranty (also referred as Latent Defects Insurance) has been developed for Contractors or Developers working on newly built residential, commercial or mixed use developments. It protects homeowners/tenants against Structural Defects in the new property in the first 10 years from completion.
10 years - 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.
full risk transfer policy from year one of cover - even if the contractor ceases trading or enters into administration
Cover as standard for additional costs of removal of debris, professional fees and protection for underground drainage.
Cover available for waterproofing of roofs, waterproofing of external walls, waterproofing for basements, alternative accommodation costs, loss of rental income and waiver of subrogation rights.
As a Premier Guarantee customer you will receive a host of benefits including:
Every Premier Guarantee customer will enjoy professional assistance to help you throughout your application and build process.
All customers have access to our expert technical advice and guidance, as well as our technical manual.
Backed by ‘A’ Rated Insurers.
Our rates are constantly assessed to ensure our quotations are as competitive as possible.
Discuss your project with our dedicated Account Managers and receive a bespoke quotation based on the complexity of your build.
On review of your designs, our team will provide advice for meeting build requirements, before creating a bespoke technical inspection plan for your build.
Your Risk Management Surveyor will undertake onsite inspections in line with the construction of your development.
On final inspection your Risk Management Surveyor will approve your project so you can receive your Certificate of Insurance.
Rest knowing your development is covered from day one, with full risk transfer after the Defects Insurance Period.