What do you need to look for when choosing a structural warranty?
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
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