Zurich Warranty
The Zurich Building Guarantee is a leading new build warranty provider in the UK and a significant number of new properties are covered by one of their policies. The policy applicable to private buyers of new build homes is known as the Standard 10 . This policy provides the following:
- During the build period Zurich Insurance will repay the deposit of up to 10% of the value of the property if the housebuilder goes out of business.
- In the first two years, the Developers Warranty Period (DWP), snagging defects are covered. If the housebuilder does not deal with reported defects within a reasonable time period, the home owner can use the Zurich Building Guarantee resolution service. There is an £100 excess per item or £500 in total.
- A 10-year Structural Insurance Period (SIP) covering structural damage caused by latent defects, although this is primarily an insurance policy for the housebuilder.
It is important to note that a Zurich Building Guarantee does not mean that that a new property will be free from defects or snags,so call now or book your snagging inspection online a week in advance to receive a 10% discount.
For further information visit the Zurich Building Guarantee website at www.zurich.co.uk or contact them at the address below:
Zurich Building Guarantee
Southwood Crescent
Farnborough
Hampshire
GU14 0NL
Tel: 08702 418050
Fax: 01252 372989
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