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How does structural warranty insurance work and protect me?

Date Added: November 18, 2011 10:39:28 AM
Category: Insurance directory

How does structural warranty insurance work and protect me?

Structural warranty insurance is normally for a new building project, such as a self build house project. This type of policy is normally underwritten by the NHBC is for a minimum of ten years.

Your broker will be able to advice of the different types of policies and the conditions imposed by the insurance company. It is essential that during the building, project, that adequate time is given the warranty inspector to check the construction.

As the building owner check the warranty terms and nay clauses which need careful attention. Your building Contractor should be selected so that there will be failure in achieving the requirements of the warranty.

Keep all the warranty documents in a careful place as the cover involved lasts over many years.

Adjust the excess to see if the premiums result in any additional savings.

Read the structural warranty insurance term and conditions carefully and store the documents in an easy to find place.
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