Retrospective Warranty & Insurance
Advantage are the specialists for Retrospective Warranty & Insurance. With over 85 years of experience we can provide the service and support required for your new build or conversion. Get your no obligation quote TODAY
- 10 Year Warranty
- Reputation
- Relationship
- Competitive Rates
- Dedicated Manager
- Free Technical Support
- Fast Quote, Fast Cover
- Repeat Business
what we cover
Why you need Advantage for your retrospective warranty
Retrospective Insurance was specifically created to guarantee that vendors in this particular position can sell their properties easily and efficiently.
Prior to the insurance being issued, a full structural survey has to be undertaken so that existing problems can either be corrected or excluded from the policy. Works which were undertaken before your policy started, however, will be covered by retrospective insurance – it extends cover back to a specified date, known as the “retroactive/retrospective date”. The date will be noted on your schedule should you need to claim on it.
RETROSPECTIVE INSURANCE
About Retrospective Warranty & Insurance
Unfortunately, it’s not quite like going back in time and fixing every little mistake in your property before it happened. In general, coverage for these policies is quite limited, as the insurance is mainly for serious structural defects in your home such as rain infiltration, drain issues, subsidence or similar. More low-level problems like ill-fitting doors or creaky floorboards aren’t generally included.
Certain items, like superficial roof damage and double-glazing issues, are optional where coverage is concerned – so as with any construction insurance policy, always make sure you’re reading the fine print. The more things you want to include in the policy, the more costly it will be.
Retrospective structural defects warranties are completely transferrable to any new owners of the property over a 10-year period, as the certificate is attached to the home rather than the person who takes out the construction insurance.
There are a number of steps you need to take before securing retrospective insurance cover:
- Contact a structural defects warranty specialist such as Advantage, and request a completed housing quote
- Review the quotation provided
- Pay applicable survey fees and deposit premium
- Have a full plan/specification check and subsequent survey undertaken (existing defects will be noted and either corrected or excluded from cover)
Following completion of all of the above, your retrospective insurance policy will be issued. Advantage’s dedicated expert team will guide you through each stage of the process, ensuring you have a thorough understanding of your policy and are issued it in a hassle-free, speedy manner.
OUR POLICIES INCLUDE:
- Professional fees
- Demolition costs
- Remedial work
- Moving and storing
- Alternative accommodations
- Developer insolvency
- Land contamination
- Major damage
WE CAN COVER:
- Self-build properties
- New Builds
- Conversions
- Renovations
- Insolvency situations
- Part-completed properties
- Completed properties
- Road & Sewer Bonds (additional policy)
JUST SOME OF OUR APPROVED LENDERS
We Have Strong Relationships With Our Approved Lenders
£6b Risks Insured
We have amassed over £6b in insured risks since we were founded
85+ Years
of combined experience in the
structural insurance industry
6 UK Based Offices
providing coverage to all corners of the UK with fully staffed offices
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Request your Retrospective
Insurance quote
Why Choose Advantage for Your Construction Insurance
As well as being leading providers of structural warranties, the friendly and professional team at Advantage also specialise in offering related insurance products – such as performance bonds – which you may also require, giving you the option to work with one dedicated relationship manager throughout your project.
- Reputation
- Relationship
- Repeat Business
- Competitive Rates
- Dedicated Manager
- Free Technical Support
- Fast Quote, Fast Cover
