The cover that Latent Defects Insurance provides
One of the important aspects of Latent Defects Insurance is that it provides peace of mind, as well as protection for your property. It is a huge and risky investment becoming an owner of a new building, which is why Latent Defects Insurance can take away that risk and protect you and your investment from damages caused by a defect in design, workmanship or materials.
If your building suffers a defect within it’s first year or within 10 to 12 years after the practical completion, you are still eligible to claim for Latent Defects Insurance.
One of the advantages and more positive aspects of claiming for Latent Defects Insurance is that you don’t need to provide negligence, just what the defect in the property is. Latent Defects Insurance also provides cover for repairing and reinstating a newly built property that has been caused by a defect in the original design work, the workmanship and the materials involved in the build.
With Watson Laurie, our insurance brokers will ensure that all measures are put in place to make the claim and that the overall process from beginning to end goes as smoothly and as stress-free as possible. Our insurance brokers have a wealth of experience and knowledge within this area, so you are guaranteed to be in safe, reliable and in trust-worthy hands.
If you’re an owner of a new build property and want to learn more about Latent Defects Insurance, please don’t hesitate to get in touch with Watson Laurie today.