Build-Zone urge Alpha Insurance A/S policyholders or those who think they will have their buildings protected by a Structural Warranty upon ‘completion’ to speak to Insurance Professionals who understand why you should only use A-rated Insurers following Alpha’s bankruptcy.

Following the breaking news that yet another unrated insurance company Alpha Insurance A/S has been declared bankrupt. Build-Zone are urging potential /Alpha Insurance Structural Warranty policyholders to speak to them for guidance.

alpha insurance

Alpha fell into trouble after its reinsurance partner CBL Insurance Limited suffered its own solvency problems.  The Danish compensation fund for failed insurers will help pay Alpha claims, however, the Guarantee Fund will only cover claims for Alpha which were filed just before the bankruptcy, and until four weeks after (5 June 2018). Existing Structural Warranty policyholders with Alpha may have some protection under the FSCS – but only in specific cases and then only for 90% of the claim.

And it is not just Structural Warranty policyholders. As reported by the BBC, the news of Alpha Insurance A/S going into bankruptcy has caused chaos amongst their policyholders. Thousands of London taxi and minicab drivers received a text message telling them their insurance had been cancelled and are now scrambling to get covered and they are not the only ones.

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 are available.

Read More

Build-Zone again emphasize and encourage the use of A-Rated Insurers after Alpha Insurance A/S 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 are available.

Danish unrated insurer Alpha Insurance has gone into solvent liquidation. An announcement on the insurer’s website blamed CBL Insurance for the failure.

It stated: “Effective immediately, Alpha Insurance A/S has ceased all underwriting, including renewals.

“This decision is a direct consequence of CBL Insurance Limited, one of Alpha Insurance’s largest reinsurers, having had their AM Best A- rating suspended and has been placed into interim liquidation.”

Read More

Are you looking for a career in Insurance?

Not sure what you want to do with your A-levels….? career in insurance

Do you like dealing with people and the thought of working as part of a young professional Team?

Interested in a career in Insurance………………….?

We are the leading Brokers in the Self-Build, Renovation, Custom Build, Structural Warranty and Construction arena including Surveying and Risk Management – based in our own office (with car parking) in the heart of Sevenoaks, just ten minutes walk from the mainline station.

Read More

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.

Read More

Plans for Kensington Palace mega-extension are revealed

As revealed by Sebastian Shakespeare in Saturday’s Daily Mail, the proposed enormous two-storey underground extension will be dug next to the 18th century Orangery to ‘free up the palace suites for the Royal Family’.

Kensington Palace mega-extension

The local council, Kensington and Chelsea, has restricted residential two-storey basements because of the disruption they create but officials will probably ‘make an exception’ for the royal development, documents show.

The 165ft-long mega-basement will make room at the palace, where the Duke and Duchess of Cambridge are due to move full-time with their children this autumn after William ends his two-year pilot’s job with East Anglian Air Ambulance and takes on full-time royal duties.

The grade I-listed Orangery – described in the plans as an ‘elaborate greenhouse in the style of an elegant palace’ – was built in 1704 on the orders of Queen Anne who wanted to protect her citrus trees in winter. It is currently used as a restaurant for visitors to the palace grounds.

Read More