FAQs

What is Structural Defect Insurance?

It’s a policy that allows property owners to reduce their risk to exposure by providing a long-term warranty against a residential or commercial building’s defect in design, workmanship or materials.

Is Structural Defects Insurance compulsory?

It’s not a legal requirement BUT all mortgage lenders require it to be in place before they will land money against a property. Even if you have no intention of selling your home, the skilled insight of our inspectors helps quickly identify any problem areas. In addition indemnity protects you from exposure to a costly risks.

What does Structural Defect Insurance cover?

From design to workmanship, materials, structure, waterproofing, drainage and even subsidence through to cost of remedial work, dismantling, moving and storing, as well as professional fees – we cover it all.

How long does the Structural Defect Insurance period last?

It’s normally 10-years from completion of the property.

How is it assessed?

Through a combination of meticulously compiled structural engineers reports and careful financial assessment.

Are policies issued by Advantage Council of Mortgage Lenders compliant?

Yes. Unlike some other providers all our policies are fully compliant with the Council of Mortgage Lenders (CML) Initiative.

Is Structural Defect Insurance transferrable?

Yes. It’s fully transferable. Any subsequent owner can benefit from cover as well

What’s the process of obtaining Structural Defect Insurance?

Call us. Discuss your situation with Advantage. We’ll arrange for an inspector to make a site visit and conduct a detailed inspection. Based on his report we’ll programme out a set of project obligations that you need to meet. Our commitment to you is that our inspectors, on subsequent inspection visits will do their best to help you meet those standards. and quote you on your premium.

How much does Structural Defect Insurance cost?

We’ll evaluate your premium based on an initial visit and appropriate research. The final figure all depends on the level of risk involved.

What if my house is already partially built?

That’s fine.

Do I pay for inspections?

We’ll evaluate your premium based on an initial visit and appropriate research. The final figure all depends on the level of risk involved.

What if my house is already partially built?

Inspection costs are included in your premium.

In the event of a claim, who do I contact?

Call us. There when you need us.

Existing build?

No worries. Take cover until the end of the 10 year period.

Are your Inspectors independent?

Yes they are. We have a pool of skilled and experienced inpectors that we use to check the quality of building work. Unlike other organisations there’s no pressure to approve work to secure a policy. There are other advantages as well – for example because we have the flexibility to use whoever we choose we can get someone on site much quicker than other providers. Not only that but we are able to allocate individuals to projects meaning that there far greater consistency – a single set of eyes. Ideally an inspector will work with you through all inspection phases through to sign off.