Buildings Defects
Completed buildings, whether new or old, can have hidden structural problems that may not come to light for months or even years after they have been finished. The cost of repairing latent defects can be significant and so long after completion that the builder may not be available to pursue for compensation.
The BUILDPLAN solution gives you peace of mind that your stock is constructed correctively in the first place and comprehensively insured afterwards.
The BUILDPLAN package consists of two elements, brought together to provide complete protection. Firstly, a risk management audit by construction professionals, then the backing of comprehensive insurance cover.
Risk Management Survey
The ‘audit’ is undertaken by one of our panel building surveyors.
These consultants only employ qualified personnel and they are ideally placed to provide building control, planning supervisor or clerk of works services.
Insurance Policy
The second element of the BUILDPLAN package is a Latent Defects insurance policy. The insurance starts from the date of practical completion and typically lasts 10 or 12 years.
You, not the contractor, are the policyholder. This makes the process of claims settlement very simple, as there is no need to involve anyone else in the process or to establish liability.
The policy is appropriate for new build, refurbishments, stock transfers and purchase and repair schemes. The basic package covers :-
Structural defects which lead to damage to any element of the building, whether structural or not
- Damage to drainage systems
- Defects within chimneys or flues
- The weather tightness of the exterior including doors and windows
- Contaminated land cover – The cost of remediation should you have been served with a statutory notice or are about to be served with one
Extensions to the cover, including contractor insolvency, are available upon request.
Buildings Defects
Completed buildings, whether new or old, can have hidden structural problems that may not come to light for months or even years after they have been finished. The cost of repairing latent defects can be significant and so long after completion that the builder may not be available to pursue for compensation.
The BUILDPLAN solution gives you peace of mind that your stock is constructed correctively in the first place and comprehensively insured afterwards.
The BUILDPLAN package consists of two elements, brought together to provide complete protection. Firstly, a risk management audit by construction professionals, then the backing of comprehensive insurance cover.
Risk Management Survey
The ‘audit’ is undertaken by one of our panel building surveyors.
These consultants only employ qualified personnel and they are ideally placed to provide building control, planning supervisor or clerk of works services.
Insurance Policy
The second element of the BUILDPLAN package is a Latent Defects insurance policy. The insurance starts from the date of practical completion and typically lasts 10 or 12 years.
You, not the contractor, are the policyholder. This makes the process of claims settlement very simple, as there is no need to involve anyone else in the process or to establish liability.
The policy is appropriate for new build, refurbishments, stock transfers and purchase and repair schemes. The basic package covers :-
Structural defects which lead to damage to any element of the building, whether structural or not
- Damage to drainage systems
- Defects within chimneys or flues
- The weather tightness of the exterior including doors and windows
- Contaminated land cover – The cost of remediation should you have been served with a statutory notice or are about to be served with one
Extensions to the cover, including contractor insolvency, are available upon request.