PROTECT AGAINST BUILDING DEFECTS
CRL ARE A TRUSTED AND VALUABLE BUILDING DEFECTS INSURANCE SPECIALIST.
At CRL, we cover developments for 10 years against building defects for ten years. You don’t have to worry over potential latent and building defects in design, materials, workmanship, or other components.
What is Building Defects Insurance?
Building Defects Insurance is a requirement for the majority of UK mortgage lenders before they release funds for a property purchase if the house is new or under 10 years old. Building Defects Insurance can also be known as Structural Warranty, New Build Warranty, Self Build Warranty, Home Warranty or Construction Insurance.
What is covered by Building Defects Insurance?
Building Defects Insurance makes sure your property covers a multi-faceted group of developments, such as new builds and self-builds, changes to the property like basements, renovations, extensions, and conversions, environmentally friendly projects like timber frames and eco-builds, homes that are partially or fully completed with possible defects, insolvency situations, and social housing developments.
Multiple materials and defects are also covered under Building Defects Insurance, such as:
Load-bearing foundation systems and footings
Roof framing systems (Joists and trusses)
Load-bearing floors and staircases
Load-bearing beams and girders
Load-bearing walls and partitions
Floor decking and screeds
Chimneys and flues
Contaminated land for brownfield sites
Repairing, replacing and rectifying water ingress
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Why take out Building Defects Insurance?
Improve Selling Process
Credible Building Defects Insurance will make selling property a breeze. Not only will the selling process will be quicker but buyers will feel more secure with their investment.
Lower Repair Costs
When something goes wrong in the basic structure of a building, the cost of repairs can soar as high as £40,000. Having Building Defects Insurance will protect you against this kind of eventuality.
Assist With Mortgage Approvals
In the UK, mortgage lenders require this insurance if the building is under 10 years old.
Why choose CRL?
We are one of the few Building Defects Insurance specialists to offer retrospective cover. In other words, if you’ve already completed construction, don’t worry! We will offer coverage for the remainder of the ten years from the date of Building Control sign off, starting on the date of our final inspection.
Some of the reasons to provide a project with retrospective cover are:
- BUILT WITHOUT BUILDING DEFECTS INSURANCE
Sometimes projects are built without Building Defects Insurance, which can be a hassle for new and changing ownership. Look for CRL if you want to sell a home that didn’t originally have Building Defects Insurance, or to purchase a property that currently doesn’t have Building Defects Insurance. Under current regulation, developers are in no way obligated to insure their projects, so research is key to your protection!
- FIXED-CHARGE RECEIVERS & INSOLVENCY
When you insure with us, you receive a fixed-charge, to help you move quickly in distressing sales or situations of solvency.
- DEVELOPER ADMINISTRATION
Finally, beware of previous developers who have now moved into administration; they may leave without a Certificate of Completion, which means the property cannot be borrowed against.
BIG THINKING INSPECTORS WITH AN EYE FOR THE SMALL DETAILS
It’s our inspector’s job to help you realise your construction goals, however ambitious they might be. Their experience and expertise means our pragmatic site inspections detail every aspect and flag where appropriate.
Our network of inspectors as based throughout the UK, meaning that there is always an expert on hand to offer advice and guide you through the key stages of the development process.
To ensure due diligence, best practise and to continually improve the quality of our on-site inspections, we carry out the following stages for each project:
- INITIAL INSPECTION
Foundation and substructure stage inspection.
- INTERIM INSPECTION
Superstructure, roof and plasterboard stage inspection.
- FINAL INSPECTION
The final inspection to receive the Final Build Certificate.
Our inspectors will be in touch to arrange the dates for each of these inspections almost immediately – ensuring minimal delays. Get in touch to discuss your latent defects insurance needs in more detail.