In today’s world, confidence is of paramount importance. In recent years there has been a significant increase of purchasers and tenants requiring to see evidence of a Structural Warranty Insurance or Inherent Defects Insurance policy before purchase or entering into an agreement.

Here at Watson Laurie we have access to all the main providers, ensuring we have a suitable solution to meet your needs. We can source both Residential and Commercial Structural Warranties which are approved by Mortgage Lenders and Commercial Structural Warranties. We also have solutions for the Self-build market and can assist clients in need of retrospective warranties.

Why choose Watson Laurie?

We make the placement of any business easier for you by eliminating the need to approach several carriers in order to accommodate the inherent defects insurance needs of your business.

If you choose to engage with Watson Laurie you will gain access to bespoke offerings through one central point, who through a dedicated point of contact will review the entire warranty market on your behalf, enabling you to focus on your core business activities and making life easier for you!

What is Latent Defects Insurance?

Latent Defects Insurance is also sometimes called Inherent Defects Insurance, Structural Warranty Insurance or Structural Guarantee. Latent Defects Insurance is designed to indemnify the policyholder against claims discovered in the insurance period. Policies are designed to cover the cost of complete or partial rebuilding or rectifying work to the property which has been affected by major damage attributable to defect in the design, workmanship or materials.

Latent Defect questions

Why should I consider Latent Defects Insurance?

In short, to protect your investment. Inherent Defects Insurance does not rely on Architect’s Certificates, Collateral Warranties and Professional Indemnity and it doesn’t require proof of fault, just proof of a defect. Having to prove negligence to one or more parties involved in the construction contract and then negotiate settlement could prove costly, but not as costly as suing should they deny liability.

What types of development can be covered by Structural Warranty Insurance?

Residential and almost any commercial property, for example:

  • Commercial and Residential buildings
  • New Builds and renovations
  • Conversions, extensions and Refurbishments
  • Grade 1, 2 Listed Buildings and Hotels
  • Permitted Developments
  • Private Rental Sector and social Housing
  • Student Accommodation
  • Retrospective

We have even arranged cover of a Multi Storey car park!

What are the consequences of not having Structural Warranty Insurance?

Re-instating a property which has suffered a defect could be a long drawn out process and recovering losses a costly process. Inherent Defects Insurance provides you and your customers with the knowledge that if something does go wrong there’s a robust solution to keep them running when they need it most.