Building Warranty Insurance
When a new house is built, it is usual to arrange an insurance warranty to cover any structural defects in the new works. In fact, if you have taken out a mortgage with a bank or building society, this will probably be a condition of the loan.
How much does building warranty insurance cost? As with any type of insurance, it is best to shop around and obtain various quotations. However, to give an extremely rough idea, expect to pay around 1% to 1.5% of the project cost. For example, a house costing £200,000 to build may cost between £2000 to £3000 for a building warranty insurance policy.
Recommended Insurance Broker
Versatile Insurance insure offer many types of insurance policies including Building Warranty Insurance. They are specialist building insurance brokers and can offer very compeitive quotes for new builds, self builds, extensions and renovations.
Versatile Insurance are able to provide competitive quotes and free expert advice. Quotes are available online, and most policies can be bought instantly. They have no hidden fees and all calls are handled from their UK call centre.
To enquire about your insurance needs, phone them now on 01837 658955 or email them at email@example.com. Their fully trained, experienced and friendly staff are ready to help.