Latent Defects Insurance
Even the most carefully constructed buildings can develop hidden structural issues over time.
Latent Defects Insurance - also known as Structural Warranty Insurance - provides long-term protection against defects that may not be immediately visible after construction is complete. We act as your independent broker, sourcing specialist cover from trusted insurers to protect your investment and provide peace of mind.
What’s included?
Latent Defects Insurance typically provides cover for:
01
Structural Defects
Protection against defects in the design, workmanship, or materials that affect the structural integrity of the building.
02
Water Ingress
Cover for damage caused by water penetration due to construction defects, such as faulty roofing or waterproofing.
03
Major Component Failure
Cover for failure of key structural elements such as foundations, load-bearing walls, floors, and roofs.
04
No Need to Prove Negligence
Unlike traditional liability policies, claims under latent defects insurance do not require proof of fault - making the claims process faster and more straightforward.
05
Cover Period
Typically provides protection for 10 to 12 years from the date of practical completion.
This cover is essential for:
01
Property developers and builders
02
Commercial and residential landlords
03
Housing associations and local authorities
04
Property investors and funders
05
Building owners seeking to sell or lease newly constructed properties
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