LBB secures service-centric cover for Essex developer
Project Overview
Developer: Private Self Build
Location: Southend-on-Sea, Essex
Size: New build, 1 unit
Build cost/sum insured: £2.9 million
LBB Consultant: Oliver Smith
LBB secured a new-build warranty for a private developer, managing to save them costs on their cover while ensuring it met their requirements.
The single unit development based in Southend-on-Sea, Essex, was introduced to Senior Consultant Oliver Smith as a result of an existing relationship.
A provider with an excellent level of customer service that represented good value was important to the client, and they sought the support of LBB to guide them on the most suitable option for this particular project.
Oliver conduced a full market tender with quotes, paying attention to providers who are trusted and accepted by a wide range of lenders – another factor highlighted by the developer as key for their cover.
ICW emerged as the A-rated insurer of choice, covering the £2.9m build cost.
This case study is intended for professional clients and does not constitute personal advice or a financial promotion to retail customers.
The London Belgravia Group Provides Risk and Insurance Advisory Solutions to Global Property Developers. London Belgravia Brokers Ltd, t/a LBB, is an appointed representative of Ten Insurance Services Ltd t/a Eleven Network, which is authorised and regulated by the Financial Conduct Authority
