LABC Social Housing Warranty

Our Social Housing Warranty provides Housing Associations and Registered Social Landlords with up to 12 years cover on residential developments and conversion projects.

LABC Social Housing Warranty provides the cost of complete, partial rebuilding or rectifying work to the new development that has been affected by major damage. All policies under the LABC Social Housing Warranty are available on either a 10 or 12 year period.

This warranty also includes a ‘right to acquire’ facility which provides tenants who decide to purchase their property in the first 5 years of occupancy with a new 10 year warranty, which in effect provides up to 15 years cover.

Summary:

Cover Period		10/12 Years
Defects Insurance Period		2 Years
Structural Insurance Period		8/10 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
	"Right-to-acquire" Warranty Extension up to 5 years
	Cover for Builder Insolvency (subject to approval)
	Cover for Contaminated Land
	Alternative Accommodation (extension)
	Additional Costs (subject to approval)
	Fees (extension)
	Removal of Debris (extension)
	Loss of Rent (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.