Commercial Buildings: Overview
This is a 10 year (or 12 if built under seal) first party
policy, designed for Developers of Commercial, or Mixed Use
developments when used in conjunction with the New
Homes Scheme and features 100% risk transfer. This reduces the need for collateral warranties and is assignable to future owners of the property.
The warranty provides the cost of rectifying works, partial or complete rebuilding where a new property has suffered major damage as a result of defects in design, workmanship, materials or components. Cover also includes reasonable costs of repairing, replacing or rectifying any water logging of external car parking and roads within the property insured.