Construction Insurance
Strongpoint Group are specialists in Structural Insurance, also known as Latent Defects Insurance or a Structural Warranty. We can arrange 10 or 12 year cover for new build residential properties, as well as products such as Insurance Backed Guarantees (IBGs), Professional Indemnity Insurance (PI Cover) and Professional Consultants Certificates (PCCs).
A Professional Consultants Certificate (PCC) is widely accepted by over 85% of mortgage lenders and known as a credible alternative to a structural warranty. At Strongpoint, we can arrange a PCC quickly and easily, and have cover in place in as little as a week.
Premiums for PI cover have sky-rocketed in recent years after the market restricted following a reform of underwriting at Lloyds of London, and again following the Grenfell disaster. We can arrange competitive PI Insurance (PII) and can even look closely at reducing the amount exclusions on a policy, to give you and your business maximum protection.
Specifically designed to cover high-risk areas such as flat roofs, basements, windows (and much more) and typically used by builders, contractors, roofers and engineers to give peace of mind to homeowners and lenders as part of their requirements when considering to lend finance.
Everyone has different insurance needs. Call us today for an assessment of your requirements and find out how we can help protect you, your business and your development.
Please contact us if you cannot find an answer to your question.
LDI - or Latent Defects Insurance (also known as a Structural Warranty) is an insurance policy designed to cover the cost of any repairs to property that is under 10 years old, should any latent defects appear in the structure.
A retrospective policy is a Structural Warranty that is arranged after build completion. This may be necessary if no warranty was arranged before the build started or during construction which allows for key inspections to take place. However, a retrospective policy can be arranged following a full inspection of the development.
This depends on the size of the development, the experience of the developer and what stage the build is at. Call us with the details of your development and we can give you a same day quote.
Fill out the form with any questions you have about finding the coverage that's right for you!
Monday - Friday: 9am - 6pm
Saturday: Closed
Sunday: Closed
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