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10 Year Building Insurance: Why We’re In This Long-term

A long haul flight to Australia can last anywhere up to 36 hours with a lay over for refueling.

A family game of Monopoly can go on for at least a couple of days, full of strategy, negotiating and most likely cheating by the dad. And the last minute of injury time when your team is hanging on to a 1-0 lead can last for what seems like an eternity.

While all of these things take a while and in most cases mean you have to endure a certain amount of discomfort and pain none of them last anywhere near as long as a 10-year building warranty from CRL – which as a bonus is carefully designed to be completely hassle and pain free.

The reason we stick around for so long is as a safety measure that will give you complete peace of mind.

One of the great things is that a CRL surveyor can be involved with your project from start to finish and get to know your build and help to ensure everything meets all the required regulations.

Once the build is completed you get a 10-year building certificate that covers you should any unforeseen Latent Defects Insurance appear in your home.

Stress-free building

In most cases it is likely you won't need us after we sign off on your completed building, but we are here. If that is the case your warranty with us will cover the costs of repairing or rebuilding the structural faults with your home to the required standard.

This can cover a range of scenarios including faults with the workmanship of builders, faults in the design or faults in the structural materials used. Contact us if you would like more information on what is covered.

With the average cost of repairing a structural fault estimated to be around £42,000 it pays to be cautious. Could you afford to pay for repairs if something went wrong? What would happen to your home if you couldn't?

Why your CRL building insurance lasts for ten years

We started by talking about the length of time insurance lasts and saying that it really is a good thing. You might be thinking, isn't ten years a long time to cover a new build home? Couldn't the warranty last say 5 years and cost half the price?

Well the simple answer is that ten year cover is required by mortgage lenders to protect both themselves and the buyers of a new home.

Structural faults can take time to become apparent and a ten year period gives lenders, builders and homeowners complete peace of mind that should something go wrong a structural insurance firm such as CRL will be with them for the long haul.

Structural Defects Insurance

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