Features of the Build Zone Completed Housing Warranty
The Build-Zone Completed Housing Structural Warranty has been designed to provide cover to those with a financial interest in a property that was originally built or converted without the benefit of a warranty.
Features of the Completed Housing Warranty:
- No membership fees
- Can be arranged by either the vendor or purchaser of the property.
- Cover is provided for the balance of the 10-year period from completion of the build
- Fast turnaround from survey to inception of cover
- The policy is fully assignable and automatically provides cover for successors in title
The product is underwritten by an ‘A’ rated global Insurer & each case is subject to full technical review by Build-Zone Survey Services Limited with the aim of minimising any defects right from the design stage
Technical Services are handled by our in-house team Build-Zone Survey Services Limited (BZSS). A Completed Housing Survey is undertaken by one of BZSS’s Partnered Surveyors to ensure the project has reached the standard required for the issue of the warranty.
The charge quoted consists of two parts:
1) The survey and audit fee
2) The anticipated premium
In the first instance, only the survey and audit fee is paid. Immediately on receipt of the fee BZSS will appoint a Partnered Surveyor who will contact you within 3 working days to arrange the Completed Housing Survey.
The Surveyor will assess the design and physical condition of the building to ensure its structural integrity and compliance with the Warranty requirements. They will also require all the copies of all the relevant certificates. If the survey raises any problems then remedial works may be required prior to cover being offered.
Subject to the Completed Housing Survey being acceptable, premium payment will then be requested. No cover can be granted until this premium has been paid in full.
A Certificate of Insurance is issued covering the balance of the 10-year period from completion of the build. This is normally the date of the Building Control Completion Certificate.
Click here for our COMPLETED PROPERTY/INSOLVENCY PROPOSAL FORM.
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