A Structural Warranty is an important piece of insurance that protects you against damages and financial losses caused by defects in building and construction work – including any defects in materials.
Without it, you could end up facing costly repair bills, or find yourself in a lengthy legal process trying to recover costs from developers should any defects emerge.
Previously, the go-to option for a Structural Warranty was the National House Building Council.
But this isn’t the case anymore as competition in the market means there are more options than ever to choose from.
This, of course, brings its own challenges.
Mostly, choosing a Structural Warranty that provides you with the right level of protection you need, within the budget you’ve got.
In this guide, we’ll go through the main issues you should think about and key questions you need to ask when choosing a Structural Warranty to make sure you get the protection you need.
Who’s providing the insurance?
As with most insurance policies, you’ll have to consider the insurer who will underwrite the warranty and payout in the case you need to make a claim.
There are a number of insurers who can provide cover under a Structural Warranty, so whether you go with an established provider or a newer entrant to the market could impact the cost and level of cover they’re able to provide.
What level of cover do you need in your Structural Warranty?
A Structural Warranty can provide differing levels of cover based on what you need.
It can cover any repairs as well as the partial or complete rebuild of a property as a result of defects.
With this in mind, you need to make sure your property is fully insured for any eventuality.
If not, you could find yourself with a substantial repair bill.
Also, if you’ve obtained a Structural Warranty for a project that includes existing structures, does the policy cover defects in the existing building or is it just for the new work?
Most policies only cover new work, so this is something you’ll need to pay attention to.
Who is liable for repairs in the case of defects?
A main advantage of buying a Structural Warranty is that it can remove any doubt over who is responsible for repair work or rebuilds in the event you make a claim as a result of defects.
Typically, developers will be responsible for any repair work during the first two years of the warranty.
After that, you should ensure you understand who will be responsible.
Are you covered for defects caused by water ingress?
If your property suffers from damage caused by water, or from the drainage system as a result of defects caused during the design or work on the property – or due to materials used in the development – you should be covered under a Structural Warranty.
Make sure you check with your provider that the wording of the warranty does protect you in these instances.
When will technical reviews take place?
Ideally, you should have a Structural Warranty in place before any building work takes place.
The warranty provider will review all structural drawings to identify any potential problems, and then carry out regular checks of work during development to check for defects.
As part of the warranty you should establish how often these checks will take place, and what feedback and results you can expect.
You should also understand the standards the project is being reviewed under.
Get peace of mind with a Structural Warranty
Our award-winning ABC+ Building Warranty covers all types of properties from residential to commercial, newly built to converted, mixed development schemes to single dwellings, housing associations to self-builders.
We can help you find a warranty to help cover the costs of fully or partially rebuilding a property in the event of defects or for carrying out repair work.
We’ve worked with tens of thousands of residential and commercial property projects in UK.
Get our indicative QUICK QUOTE in minutes or call our offices to discuss your building project tel. 0161 928 8804
For a full list of Approved lenders please click here
A Structural Warranty will protect you against any defects found in your domestic or commercial property.
Like any insurance policy, the specific details of your plan and what will be covered depends on your individual circumstances and the nature of the project.
But each policy will be essentially built around many of the same products or cover for similar issues.
In this guide, we’ll look at the basic aspects that can be covered by a Structural Warranty.
Insolvency of the developer
If you buy a Structural Warranty before the start of the project, you can request protection against the insolvency of the developer during the construction of the property.
This ensures you remain financially protected in the event the developer becomes insolvent and can’t complete your project.
This insolvency protection is something you must request at the initial quotation stage of your warranty.
Defects insurance for a period up to 24 months after practical completion
A defects insurance policy is usually counted as the first two years of the structural warranty.
During this period the developer will be deemed responsible for putting right any defects identified on the project
Structural insurance after 24 months have elapsed from practical completion
After the first two years of the warranty, the warranty provider becomes responsible for sorting out any valid claims from structural defects.
If valid defects are discovered, your provider will sort out the repair work for you, and you’ll be financially covered for the cost of any repair work or rebuilds.
Contaminated land cover
If you begin a construction project and later discover contamination on the site, it could end up costing significant amounts to either decontaminate the area, or shut down and construction and then find somewhere else.
Your warranty will help cover the costs you face if you build on land found to be contaminated after the start of the project.
Alternative accommodation costs
If you need to find alternative accommodation as a result of repair or rebuilding work needed on your property, then a Structural Warranty will protect you financially from the cost of doing so.
If you’re running a commercial property, this will help you cover the loss of rent from tenants who have to relocate due to repairs or rebuilding.
If you end up facing any fees as a result of structural defects found on your property, your Structural Warranty will help you cover the costs.
Removal of debris
If any defects, repairs or rebuilding work leaves debris on your property, it will cost you to have it removed and disposed of.
Your Structural Warranty will help cover the costs of removing any debris.
Choosing the right Structural Warranty
A Structural Warranty has a number of advantages for the end user.
First, it removes the need, expense and time in establishing who is at fault for any defects found in your building.
Any issues are dealt with automatically to put the problems right, while protecting you financially from any costs.
As the policy holder you’re covered against either the full or partial rebuild of a property found to have structural defects, or the costs of repair work.
Your policy can be used to cover the costs of defects as a result of the design, building work or materials used in the project, so you’re completely covered.
If you want to find out more about obtaining a Structural Warranty, get in touch with us today.
By clicking here you can get A QUICK QUOTE for an ABC+ 10 year warranty, or you can start a full application.
A successful opening of ABC+ Warranty new offices in Altrincham by the Mayor of Trafford Tom Ross.
Many local businesses and members of the construction industry attended on May 9th.
ABC+ Warranty is expanding as the growth of structural warranties for new and converted homes continues.
Call 0845 680 0467 the office for a structural warranty quote for your new build project.
Altrincham Today coverage of our Open Event happening on May 9th.
Anyone wishing to attend can reserve their place by emailing firstname.lastname@example.org or calling 0161 928 8804 and asking for Victoria Marsland.