Latent Defect
Insurance
Latent defect insurance for residential, commercial and mixed-use developments.
It provides cover for the owner of a new property, should it suffer from damage caused by a defect in design, workmanship or materials used. There is first party insurance in place to rectify any defect.
The term of the policy is typically 10 years but in some instances 12 years can be achieved. Additional , coverage can also include; Loss of Rent, Cost of Alternative Accommodation and Mechanical & Electrical damage.
Cover is usually arranged by the developer or contractor, and will be assigned to any future beneficiaries.
Benefits of Latent Defects
First party insurance
Underwritten by A- rated carriers
Acceptable to all funding lines
Offers peace of mind to all mortgage providers
Removes the need for litigation
Offers peace of mind to future purchasers
We are specialist risk insurance brokers who provide our clients the most appropriate cover at the most competitive rates.
Why Work With Us
We see our role as an independent advisor who reviews the merits of each policy to help our clients make well informed decisions.
About London Belgravia Brokers
We are now established as the UK property markets go-to broker for construction insurance and finance.
Testimonials
Our ethos is based around outstanding customer service. Obtaining specialist property insurance can be an arduous process. We take away that pain by managing the process for our clients and ensuring they recieve the most appropriate and commercially attractive solutions.
