LABC New Home Warranty

Our New Home Warranty has been set up for developers working on residential developments and conversions. This includes new build and mixed use developments.

Technical audits are provided by a national network of Surveyors all of which have a wealth of practical experience, and an in-depth understanding of the building industry. They have expertise in a wide variety of construction methods, so whether it’s the conversion of a listed building, or the construction of a high-rise apartment block, you can rest assured you’ll receive expert advice and guidance.

Summary:

Cover Period		10 Years
Defects Insurance Period		2 Years
Structural Insurance Period		8 Years
Financial Limits
New Build		£500,000
Conversions		£250,000
Continuous Structure Limit
New Build		£25,000,000
Conversions		£5,000,000
Excess
During Defects Insurance Period		£100
During Structural Insurance Period		£1,000
Cover Includes
	Cover for Developer Insolvency (subject to approval)
	Cover for Contaminated Land
	Alternative Accommodation (extension)
	Additional Costs (subject to approval)
	Fees (extension)
	Removal of Debris (extension)

MD Insurance Services Ltd is the Scheme Administrator for the LABC New Home Warranty.
MD Insurance Services Ltd is authorised and regulated by the Financial Services Authority.