Latent Defects Insurance

This is a first party insurance policy to protect the interest of our property investor clients should damage occur as a result of defective design, construction or materials and not be discovered until after cover has commenced. Again, we act as agents for the specialist insurers.

If you are having a new property built then usually you will have arranged cover for the construction phase until ‘hand over’ – this is arranged either by the property owner or the contractor.  Once construction is complete, cover would then be arranged for the newly built property.

Latent Defects Insurance is something which can be overlooked. 

This cover is designed for new commercial and industrial buildings and will protect against the potentially costly problems that may arise due to defective design, workmanship or materials undetected at the time of construction – areas which are excluded from your usual property owners policy. 

We can arrange a bespoke policy to cover these areas on either a 12 year or 10 year basis.  Cover can also be extended to pick up the loss of rent element.

Please use the link here to submit your quote details.