Our retrospective warranty has been designed to be used on a a residential property which has been built or converted in the last 10 years without the benefit of a recognised 10 year structural warranty, architects certificate or builders guarantee. It is sometimes referred to as a completed property warranty.
Cover is provided for the balance of the 10 year period from the date of completion. This means if you are selling the property, the prospective purchaser or mortgagor receives the correct level of security on their investment. The cover provided protects the policyholder in the event the property suffers physical damage or the risk of physical damage as a result of a defect in the design, workmanship, or components of the home. Unlike an architects certificate, the policy responds directly, as there is no professional negligence to prove, making it a much more secure option.
You can get a quotation by calling us on 0333 456 5040. or by completing the proposal form here.
How do I arrange a retrospective warranty on a completed property?
Initially, we will provide a quotation which will detail the cover, premium and survey fees. If you decide to proceed, We will charge you for the full survey on the property which is for the insurer to assess its suitability for the provision of structural warranty cover. Once that has been completed we will notify you of anything that we need to have sorted out prior to instigating cover. If you would rather not deal with the issues identified, these will be excluded from the cover. Payment of premium then incepts the policy. The retrospective warranty policy is suitable for both public and private sector developments and provides automatic successor in title as a standard feature of the cover.
Retrospective warranty – 10 year structural warranty for completed properties.
- 10 Year structural warranty cover from the date of practical completion.
- Full risk transfer from year one of cover
- No defects period.
- The retrospective warranty protects the home owner in the event of major structural damage, defective waterproofing and drainage.
Additional cover provided
- additional costs and expenses
- alternative accommodation
- removal of debris
- professional fees