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Structural Warranty

Structural Warranty

As insurance brokers, IC Insurance does all the hard work for you, so let us take care of your insurance needs.You don’t have to worry about anything – we’ll search all companies to find the best quote and provide you with affordable insurance cover on our vast portfolio of products.

Our process is also quick and straightforward and offers you handpicked insurance policies you can trust.

To request a quote, send us your details and we’ll come back to you within 24 hours on business days.

If you don’t have time to wait, you can always call us on 01204 540897 during office hours.

This form collects your name, email & phone number so that we can communicate with you and provide assistance. Please check our Privacy Policy to see what we'll do with your information.

Structural warranty insurance protects owners of new commercial or industrial properties against damage caused by defects in design, workmanship or materials. This insurance policy refers to defects not discovered before the cover starts.

At IC Insurance, we can help you find the right cover for you at the best prices. This will not only give you peace of mind but will ensure you’re protected against latent defects and all costs associated with complete or partial rebuilding and work correction.

Request a Quote

Do I Need Structural Warranty Insurance?

Many lenders will require a warranty in order to lend you money, so this policy may be a necessity. If you have to sell the property in the next 10 to 12 years, for example, the prospective purchaser’s lender will probably need a structural warranty on the property before the process goes ahead.

This cover includes:

  • Damage caused by structural defects and ingress of water
  • Remedial work to prevent threat of collapse
  • Costs of dismantling, moving, storing and re-erecting property costs
  • Professional fees

We can provide you cover for up to 12 years as well.

What Do You Get with IC Insurance?

Because we’ve built strong relationships with companies over the years, we can search all companies to find the best cover for you. You also get:

  • Competitive premiums
  • Fast and simple process
  • Access to many different providers
  • Exclusive markets
  • A specialist, dedicated support team
  • Excellent customer service
  • Limited insurance market offering this product

You also get performance bonds. A performance bond is very commonly used in the construction industry as a way to insure a client against the risk of a contractor failing to complete their contract – or failing to perform to the agreed terms.

We can provide performance bonds that offer the employer between 10% and 20% of a contract value.

Other bonds available include:

  • Advanced/ stage payment bond
  • Duty deferment/ custom bonds
  • Road and sewer bond
  • Reinstatement bond
  • Rent bonds
  • Bid bonds
  • Maintenance bonds
  • Retention bonds
  • Construction guarantee bonds

Our policies are designed to cover the cost of complete or partial rebuilding or rectifying work. This is in relation to a property that was affected by major damage due to a defect in the design, workmanship or materials.

You can also get cover for the cost of making good any defect in the design, workmanship or materials in the drainage system.

In addition, this product can help with the necessary and reasonable costs of repairing, replacing or correcting any part of the waterproof envelope due to water damage. This water damage has to be caused by a defect in the design, workmanship or materials.

Request a Structural Warranty Quote

About IC Insurance Solutions

At IC Insurance, you have access to many different providers, allowing you to find the best cover for your specific needs. We also offer competitive prices to all our clients. Our insurance experts have a great deal of knowledge of the construction industry and will be able to answer any questions you may have.

So, get in touch with us today on +441204540897 or email us on info@icinsurance.co.uk if you’d like to learn more about this product and how we can help.

This form collects your name, email & phone number so that we can communicate with you and provide assistance. Please check our Privacy Policy to see what we'll do with your information.