These type of policies are known under different names but essentially they are the same
These Long term Warranty policies run for aperiod of 10 years (sometimes 12) after a build is complete.
They provide an effective and beneficial alternative to collateral warranties and reduce risk exposure for developers, financiers, owners and occupiers of a diverse range of newly constructed buildings, both in the Ireland and overseas.
Within the construction sector, you can now insure against the risks associated with defective design, workmanship or materials becoming evident after the practical completion of a development by utilising Structural Warranty or Latent Defects Insurance.
Latent Defects Insurance for structural risks:
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