Enquire today Free Cover

Full Membership qualifies you for free cover up to £100,000.
Enquire to learn more

Alternatively; you can speak with one of our Account Managers on 02476 437638 during office hours.

Construction Industry Insurance Experts

New Build Warranties to Bonds to Insurance Backed Guarantees

Structural Warranties: Are you still covered following the Alpha Insurance bankruptcy?

Many Developers and Self builders have been left in the dark not knowing whether their structural warranties are still in force or have been unaware until now of their demise

So are you still covered? The simplest and quickest way to find out is to contact us and allow us to investigate for you. Call now on 02476 437638.

What is a structural warranty / latent defects cover?

A structural warranty will typically last between 10-12 years after completion of your build. It is a mandatory requirement of most major lenders before releasing funds and you will be unable to sell your residential or commercial property without one.

It is there to fix any structural problems, otherwise known as Latent Defects which may occur.

How has Alphas demise affected the Structural Warranty market?

The upshot is many thousands of new homes, self builds and commercial projects may now be uninsured and cover needs to taken out retrospectively before the possibility of structural problems occur and personally expensive for the building owner.

So after Alpha’s insolvency how do I know if I’m still covered?

As we said earlier contact us immediately on 02476 437638 to discuss your concerns. Not only can we ascertain whether or not you still have cover we can advise on remedial actions

Also bear in mind that whilst the Financial Services Compensation Scheme (FSCS) is there to protect the consumer should something like this happen it will only cover up to 90% of the claim and this protection is not transferable. All of our Latent Defect policies are transferrable – from the builder to the home owner for example. You typically cannot sell your property if it is under 10 years without cover in force.

If you dont act now and Retrospective cover is required further down the line both the insurance and survey costs will be a lot more expensive than had you acted now. You also, as we have already said, run the risk of being personally liable for any potential structural defects which occur.

What if your self-build is still under construction?

It should be a priority for self-builders to contact us and seek alternative cover immediately

Talk to a specialist Insurance Broker like us and make sure the insurance company is ‘A’ rated for which all of ours are.

Contact us today on 02476 437638.

Share this page:

Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on whatsapp
Share on print

Major Lender Approved

Our Auditing & Survey Partners are approved by major High Street lenders

'A' Rated Insurers

Our Latent Defects cover and associated products are all with ‘A' rated Insurers

Full Market Comparison

We do all the work for you saving valuable time and money

Warranty Experts

We have over 10 years specialist experience in this market sector

Relax. We can cover it all ... commercial residential mixed-use one-off projects self builds multiple builds completed projects conversions renovations retail apartment blocks retrospective cover care homes

Our Audit & Surveying Partners are UK Finance Associate Members as well as an Approved Code Sponsor for Trading Standards

The Commercial Warranty Group are extremely proud to be official sponsors of Coventry as the UK City for Culture for 2021