– Tailored Solutions: Our policy is designed to suit your unique requirements, ensuring you receive the coverage that aligns perfectly with your projects.
– Flexible Term Options: Choose from 10 or 12-year policy formats to match your projects requirements, providing long-term peace of mind.
– Contractor Liability Period: Benefit from a 1-year or 2-year contractor liability period, giving you the necessary buffer for unforeseen events.
Are you involved in social housing construction projects? Looking for comprehensive financial protection for your social housing developments? ABC+ Warranty now offers Social Housing Structural Warranty Policies, also known as Social Housing Latent Defects Insurance. Our tailored policies provide essential coverage to ensure your social housing projects meet legal requirements and stand the test of time.
A Social Housing Structural Warranty, also referred to as Social Housing Latent Defects Insurance, is a type of building warranty designed to provide financial security for a variety of social housing construction projects. These policies offer peace of mind by guaranteeing that your social housing properties are safe for occupancy, eliminating the liability risks associated with structural issues emerging later.
By obtaining a Social Housing Structural Warranty, you can not only secure the necessary funding for your social housing project but also increase the value of the completed properties. This warranty safeguards all parties involved in the project contractually, extending protection for a period of at least 10-12 years.
To be eligible for our Social Housing Structural Warranty, the property must be intended for social housing purposes, whether as dedicated social housing units or as part of mixed-use developments. Typically, these properties might comprise residential units situated above or alongside ground-level social housing or community spaces.
This warranty covers the entirety of the property as outlined in the Post-Completion Certificates, including the main structure, non-load-bearing components, drainage systems, and any ancillary buildings added during the construction phase.
While policy details can vary based on individual contracts, our Social Housing Structural Warranties generally feature the following key provisions:
To apply for a Social Housing Structural Warranty, you’ll need to provide essential information such as:
Social housing projects involve various stakeholders and elements, making them more complex than standard housing construction. With numerous third-party contractors and larger material volumes, these projects demand substantial financial investment. By demonstrating the protection of investor funds through insurance, you can attract more financing for your social housing development.
Moreover, a Social Housing Structural Warranty mitigates the risk associated with potential structural defects. It contributes to repair and reconstruction costs in the event latent structural issues emerge, avoiding costly and time-consuming litigation procedures to establish liability. This insurance safety net offers peace of mind to you, your investors, and potential future buyers throughout the warranty period.
At ABC+ Warranty, we specialize in providing Social Housing Structural Warranty Policies for projects with rebuild values up to £10 million. Our comprehensive coverage includes pre-completion, post-completion, major structural damage risk, contamination risk, and buyers’ deposit risk during works.
For medium to large social housing developments, we can also provide Road and Sewer Bonds in addition to Social Housing Structural Warranties, streamlining the process for your convenience.
Request a quick quote online to simplify your warranty search. Our transparent pricing has no hidden fees, and our products are accepted by many approved lenders with UK Finance. Contact our Social Housing Warranty experts for more information and take the first step towards protecting your social housing investments.
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