Building a new home is a complex process, and there is a lot for you to think about. As well as planning your budget, there are also other essential factors to consider, like building materials and warranties.
A Structural Warranty is one that you may be familiar with, and this article is here to discuss this type of cover in its entirety.
What Is Structural Warranty?
Before construction begins, most builders can purchase a Structural Warranty. This insurance policy is designed to protect new builds against any defects that may arise. Often, this warranty will cover you for ten years after completion. Some of these defects may include gaps in joinery and minor cracks in the wall. However, there are many more which you can learn about through various online resources.
This type of cover is crucial for the homeowner. You should never be naïve to the fact that structural damage can happen to any new build. Without the correct cover in place, you could end up putting yourself into a difficult financial situation further down the line.
Where Can You Get Structural Warranty From?
Finding the right structural warranty for you may not be as easy as you first thought. It is a complex process that can take a lot of time. In these instances, it can help to bring in the help of a professional like BuildSafe. With years of experience in the UK property industry, the team at BuildSafe have helped many builders get a great deal on Structural Warranty.
There is no need to fill out endless documents as they take away all the hassle of these time-consuming tasks. So, you can find a quote that is an excellent price with the help of a team who have all the industry know-how. If you would like Structural Warranty from BuildSafe, don’t hesitate to visit their website for more details.
What Does Structural Warranty Cover?
Depending on the provider you go for, your cover will often differ. Typically, Structural Warranty should include the following: Defects insurance, deposit protection, contaminated land, structural insurance and building control cover. However, you should always clarify this with your provider. If you are not happy with your cover, it is recommended that you shop around.
Why Do You Need Structural Warranty?
You may think – do I need a Structural Warranty? After all, there are so many costs associated with building a new home; take a look at some of these expenses through some quick online research. However, it is not something that should be overlooked. Even the best builders in the world cannot guarantee that their new builds will have no issues after completion. So, by acquiring this cover, you can seek peace of mind knowing that you are protected.
Obtaining a Structural Warranty can also assist developers in selling the home. Most lenders or banks will require a Structural Warranty before providing a mortgage on the property. There is no denying that the property development world is competitive. So, securing the right cover can also help your reputation. It shows your potential buyers that you are responsible. A good reputation can work wonders for your brand by helping you attract a more extensive clientele in the future.