All you need to know about structural warranty
31 May 2018
In its simplest terms, structural warranty is insurance for the structure of your new home, normally for a period of 10 years after completion, depending on the provider and policy.
- Defects insurance – the more prominent providers of structural warranties will include a defects period for the first two years of cover. This provides protection against non-compliance with the warranty provider’s technical manual and may include non-structural issues.
- Structural insurance – this consists of the principal part of the warranty and covers against structural issues after the defects period expires.
- Contaminated land – protects against the cost of removing contamination from the housing plot.
- Building Control cover – if features of the house were not built in compliance with Building Regulations and can result in a danger to the health of residents this can cover the costs to rectify any issues.
- Deposit protection – should the developer become insolvent during the build this protects the homeowner’s deposit.
Is structural warranty compulsory?
So, how do I select the right warranty for me?
- Premier Guarantee – with over 300 employees that work across the country, Premier Guarantee support their clients with construction projects and structural warranty solutions for all types of residential and commercial builds.
- LABC Warranty – since 2007 LABC Warranty has worked in partnership with Local Authority Building Control (LABC) to provide structural warranties. They provide building control and warranties throughout England and Wales using the combined technical expertise of over 3,500 surveyors.
- Protek – offering structural warranty products designed for builders and developers of new residential and regeneration homes.
- Build-zone – experienced in underwriting warranties for all types of developments, from single unit new-builds to large residential or commercial developments.
- BLP insurance – provides housing warranty insurance and commercial development latent defects insurance underwritten by Allianz Global Corporate & Specialty SE.
- Advantage – Advantage structural defects insurance is a national company with offices in London, Warrington, Birmingham, and Dublin.
- The applicant submits plans, specification, completed application form and an application payment to the provider.
- The provider will calculate a quote for the policy. The fee is calculated based on the individual property but is mainly linked to the floor area.
- An inspector will visit the applicant for an appraisal meeting.
- The applicant signs and returns an acceptance letter.
- The warranty provider will supply a technical manual, other policy documents and a site folder to log progress and inspection results.
- The build begins and site inspections are requested at designated stages to check compliance with the warranty standards. It is worth noting that often the technical standards required by the warranty provider are higher than those required by building control.
- When the build is complete and all stage certificates and a completion certificate have been issued the 10-year structural defects cover begins.