New Home Warranty – Your choice of Insurer is becoming ever more critical

Why?

Structural Warranty Insurance runs for 10 or 12 years whereas most insurance policies run for only 12 months.

Some key things to consider such as: –

  • What happens if your insurer becomes insolvent? If the Insurer goes bust then they won’t still be there to pay the claim.
  • What cover are you obtaining
  • What are the exclusions?
  • Does the policy cover the cost to fully rebuild the property or is there a lower limit?
  • Are key elements such as ‘ingress of water’ covered for the full policy period?

It is not always about price. Beware of the increasing number of providers who are offering very low premiums – there is usually a reason why they are cheaper.

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Build-Zone again emphasize and encourage the use of A-Rated Insurers after Elite Insurance cease underwriting

Build-Zone have always said and maintained that everyone who buys Structural Warranties should only do so from A-Rated Insurers as it is a long-term insurance policy.

We can offer a choice of A-rated Insurers and high capacity/limits available.

Insurance

If any Warranty Insurer is also engaged in Motor Insurance, and particularly now with the changes due to Ogden, they need to be extra careful because of the potential for long-term liabilities putting strain on their capital.

Always ensure that you are using Insurance Professionals who understand the business but also the Risk Management and who deal direct with the Underwriters and not a Wholesale Team / Telephone Sales Staff who just see it as easy pickings. It may not cost you anymore now for better “security” but could mean a lot in later years when claims start coming in.

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Roofing: What Can Go Wrong?

Andy Butchers shares his insider knowledge to help you troubleshoot this key element of your building project.

roofing

It may be stating the obvious, but every house needs a robust roof to close up the structure and protect it from the elements. Given it will be acting as a first line of defence, it’s perhaps not surprising that roofing issues are by far the biggest area of insurance and warranty claims. And what’s the most common problem? You guessed it: water ingress.

What’s frustrating for self builders and renovators who encounter this kind of scenario is that, with a little more thought from their designers and contractors, most of these problems can be completely eliminated. Here’s what to watch out for on your project.

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MPs call for end to dominance of large housebuilders

An investigation by a House of Commons select committee into the housebuilding sector has called for the dominance of the large housebuilders to end to fix the UK’s broken housing market.

large housebuilders

The Communities and Local Government committee said it had found that the eight largest firms were building over half of all new homes in the country making the industry over reliant on an “alarmingly small number of commercial actors”.

The report added that while no evidence of land banking by the housebuilders had been found there was little incentive for them to build any quicker. In addition, the committee said that land was in such high demand in some areas that developers were paying over the odds which in turn meant they were having to increase the density of homes on schemes and reduce levels of affordable housing to recover their investment.

Developers were also building more slowly so as not to saturate the market and lower house prices, the report said, and recommended the case be examined for public intervention.

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What is a building warranty, why do you need one and where do you get it?

The Build-Zone 10 Year Structural Warranty is a re-branded version of the Self-Build Zone Warranty and provides a much better alternative to Architect’s Certification and is like NHBC and other Structural Warranty products.  It is specifically designed for New Build, Conversions, Extensions and Completed Properties and is backed by insurers, including Lloyd’s of London.

building warranty

The Build-Zone Warranty has been specifically designed with you in mind as we know the problems you can face and the speed with which you want to get moving and resolve problems.

For a typical project, there are two options available: 1. ‘With Building Control’ or 2. ‘Without Building Control’.

With Building Control

Many people are unaware that you do not need to use your Local Authority Building Control Body to obtain Building Regulation approval or carry out Building Control inspections.  We can arrange this for you through an independent network of ‘partnered’ Approved Inspectors.

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