Homeowners & self-builders
Build Assure New Homes building warranty is ideal for homeowners and self-builders.
Here are just three excellent reasons to choose Build Assure New Homes building insurance:
- You can relax knowing you're fully covered for ten years
- Our competitively-priced premiums won't break the bank
- You get full technical support - including our expert independent inspection service
Friendly, knowledgeable and happy to help
Need some help with your application? No problem. Build Assure's friendly and knowledgeable staff are here to help. And we promise that all your paperwork will be clear, concise and simple to follow.
What kind of cover is available?
With Build Assure New Homes warranty, cover is:
- Available for mixed-use developments
- Often available once construction has begun
Your cover encompasses a one year defect period for your chosen builder (two years for water ingress), and then complete risk transfer in years three to ten.
What's different about this insurance?
This is insurance for the building not the builder. Build Assure New Homes warranty is:
- A flexible underwriting approach to New Home Warranties that caters for innovative forms of construction, renovation or refurbishment
- A recognised alternative to the ‘traditional' 10-year structural warranties currently available for New Homes
- Acceptable to most UK mortgage lenders
How much does a Build Assure New Homes building warranty cost?
Our competitively priced premiums are based only on contract values rather than selling price (and land costs in many instances). This makes the whole system more transparent.
What is the inspection process?
Each development receives a minimum of three on site inspections. These are usually carried out at foundation level, shell stage and completion of the works. All inspections are carried out by a UKAS acredited inspection body, the British Board of Agrément.
Who arranges and underwrites this insurance?
Build Assure New Homes Insurance arranged by AON Benfield Brokers and underwritten by Argo underwriters at Lloyds. Build Assure New Homes is a Coverholder at Lloyds.
Lloyds is the world's specialist insurance and reinsurance market, bringing together an outstanding concentration of underwriting expertise and talent. It is often the first to insure emerging, unusual and complex risks.
Around 80 syndicates are underwriting insurance at Lloyd's, covering all classes of business. Together they interact with thousands of brokers daily to create insurance solutions for businesses in over 200 countries and territories around the world. Lloyd's insure the majority of FTSE 100 and Dow Jones industrial average companies.
Lloyd's enjoys strong financial security supported by excellent ratings. Visit www.lloyds.com for more information.
Limits of liability may be restricted (please see policy for details).