Commercial/mixed use defects insurance

Our business partners, LABC Warranty offer 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 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 or external car parking and roads within the property insured.

Cover includes:

Contaminated land cover
Additional costs/fees
Removal of debris
Loss of rent receivable (extension to standard cover)
Loss of rent payable (extension to standard cover)
Loss of gross profit (extension to standard cover)

Financial limits - reconstruction cost up to £10 million

Excess - from £5,000 up to £50,000

For a free quote visit the external link to the LAB Warranty website at http://www.labcwarranty.co.uk/warranty/commercial/

For further information please contact Building Control on 01883 732871 or e-mail buildingcontrol@tandridge.gov.uk

Or write to us at:
Tandridge District Council
8 Station Road East
Oxted RH8 0BT

Maps and directions to our offices.

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