Features of the Completed Housing Warranty from Build Zone

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.

Completed Housing 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.

Read More

UK’s leading self-build insurance and structural warranty providers launch in Irish Market

Self-Build Zone and Build-Zone, are delighted to announce the roll-out of their services into the Irish market as negotiations reach their final stages.

 

Sennocke International Insurance Services, a general insurance operation based in Sevenoaks, Kent, are the scheme administrator for the Build-Zone 10-year structural warranty product as well as the Self-Build Zone Site Insurance product range.

Self-Build Zone provides Site Insurance and Structural Warranty products for New Builds, Renovations, Extension and Conversion projects whether they be DIY Home Improvement, a New Build, or a major Renovation. With over 20 years’ experience in the self-build insurance market, they are excited to announce that they have launched their insurance products in Ireland.

Build-Zone was created as a 10 Year Structural Warranty provider in 2003, they are experienced in underwriting warranties for all types of developments, from single unit self-builds to large residential or commercial developments. Whatever your project, they can help provide the 10 Year Structural Warranty you need as well as using ‘A’ rated Insurers.

Read More

Structural Warranty Specialists Build-Zone, also provide Construction Insurance Services

Here at Build-Zone, we are well known in the construction industry for our 10 Year Structural Warranty, we are experienced in underwriting warranties for all types of developments, from single unit self-builds to large residential or commercial developments.

Construction Insurance

With years of experience, Build-Zone understand the importance of providing the right level of support throughout the build process, that’s why Build-Zone also provide Construction Insurance, which can provide comprehensive cover on an Annual OR project-by-project basis.

Build-Zone Construction Insurance can include Contractors All Risk (CAR) for New Works, Existing Structures being worked on (Terms, Conditions & Limitations may apply), Hired Plant, Own Plant, Public Liability & Employers Liability cover, Non-Negligent Damage, and Terrorism if required.

We have a range of policies available which can provide cover for any size development from a simple single unit New Build/Renovation/Conversion/ Extension through to large Residential, commercial and mixed-use developments.

Read More

Could Brexit affect Structural Warranties in the UK & Eire?

Brexit & Structural Warranties: Build-Zone has become a major force in the provision of Structural Warranties having started in 2003. Build-Zone were one of the first providers to achieve Designated Warranty Provider status by the Department of Communities and Local Government.

Strucural Warranty Self-Build

Build-Zone uses an in-house Technical Services Company – Build Zone Survey Services Ltd (BZSS), which operates separately under different management and can provide or arrange Building Control and other Technical Inspections using rigorously checked and audited construction professionals and “Approved Inspectors”, all of whom have to agree to specific Consultancy Agreements.

So what about BREXIT? Are there other things that you need to consider?

So far as Passported Insurers operating and accepting risks in the UK are concerned – Brexit will not make much difference, certainly initially, for example those Insurers based in places such as Gibraltar wanting to do business in the UK.

However, with regards to covering risks based within the EU then they will have to qualify and be compliant with Solvency II.

What is ‘Solvency II’ and what does it mean for Policyholders?

New rules which came into force in 2016 hopefully ensure a uniform and enhanced level of policyholder protection across the EU.

The new framework – like the current rules – applies to the majority of EU Insurers and Reinsurers.

Read More

Build-Zone Issue warning about Unrated Insurers

On the eve of MIPIM UK Build-Zone, one of leading providers of Structural Warranties, issues a stark warning about using Unrated Insurers.

shutterstock_263977940

Their latest Brochure is being launched at MIPIM UK tomorrow and highlights the issues that face the Insurance market – on which the Construction Industry and Lenders rely upon to protect themselves, third parties and Clients.

Yet again another Insurer, GABLE, has gone into administration which demonstrates that it is even more important when taking out a 10 year policy in particular that you only accept an Insurer that has achieved at least an ‘A’ rating from one of the recognised Rating Agencies – such as AM Best, Standard and Poor’s or Fitch.

The CML also needs to be more proactive in this respect – by recommending to their Members that they should only accept ‘A’-rated Insurers bearing in mind most of them insist that Borrowers have a Structural Warranty in the first place.

Unrated Insurers should not be accepted – just ask the SRA (Solicitors Regulation Authority) who got caught not once but twice.

Remember Quinn’s, Lemmar, Balvar, Setanta, ERIC, Millburn, Enterprise?

………. and now GABLE.

It is not all about Price!

Come and see us at MIPIM UK from the 19th till the 21st of October on stand G11/13.