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Collateral Warranty Insurance

If a company involved in the collateral warranties on your developments enters into administration, you will be unable to pursue them for damages should any defects occur in the properties you have built.  This means you will be liable for carrying out the work needed to repair these defects, the cost of which could run into millions of pounds.

To protect the industry against these financial damages, we have developed Premier Guarantee Collateral Warranty Insurance, which provides property developers with up to 12 years of cover against the failure of collateral warranties due to insolvency.

Cover includes:

  • Up to 12 years cover against major structural damage
  • Cover available pre construction or for partially completed and completed properties
  • No fault policy - you do not have to prove negligence in the event of a valid claim
  • Removes the need to enter into court proceedings to recover damages
  • Premium payment plans available to allow you to spread the cost of your warranty over 10 years
  • Backed by an A rated insurer, experienced in construction risks
  • Free, comprehensive technical advice and guidance