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  • Self Build Insurance from Protek - Site Insurance & Structural Warranty - On Line Quote
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  • Self Build Insurance from Protek - Site Insurance & Structural Warranty - On Line Quote

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How to Choose The Right Warranty Provider

Protek’s Simon Middleton highlights how to choose the right warranty provider for your self-build and specifically what differences to look for between providers.

Not every structural warranty provider understands the nuances of the self and custom build market. Unfortunately, this can make choosing the right warranty provider a little tricky, especially if this is your first project.

Self -Build and Custom Build projects require very specific warranty cover

Some warranty providers will treat a self-builder in the same as they would a developer. In this situation, the warranty quotation you receive will make you responsible for any claims in the first two years. That clearly isn’t going to be ideal and offer you little risk mitigation. They often require minimum levels of financial security from you to back up the responsibility being placed on you. To top it all, they can also require you to have several years building experience and  you may get just 18 months to complete the build.

In my twenty-six years of providing warranties in this industry, it is clear that not too many self-builders will fit that model. The reality is that most of this detail will be buried in the depths of a complicated quotation document. So, unless you read it very carefully, none of it would be established until you tried to make a claim, at which point it could be too late.

What to look out for 

A self-build warranty should provide cover on the basis you are building or managing the project, perhaps with little or no experience. Cover needs to start immediately you complete the property. The policy definitely should not have a defect period. This is because you are very unlikely to be in a position financially to rebuild your home out of your own pocket, if there is a major issue in the first two years.

If you are managing the new build, extension, conversion, or renovation of your new home – you need to think carefully about structural warranty and site insurance. Check who the insurer is and whether they are covered by the Financial Services Compensation Scheme. Importantly make sure you read and understand the implications of the conditions and any subjectivities. This is of paramount importance!

Protek have been providing cover for the self and custom build sectors for years. We understand the issues you face and can provide cover to suit the project you are undertaking. For more information just give us a call. 

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SELF BUILD INSURANCE & STRUCTURAL WARRANTY

Contact Us

Protek Group Limited,
Unit 2, Enterprise Way,
Edenbridge,
Kent,
TN8 6HF.

Tel: 0333 456 8030

 
Protek Self Build are a member of NaCSBA
 
 
 
 
 
 
 
 


 

Protek Group Ltd is an Appointed Representative of Steve Wassell Insurance Management Ltd which is authorised and regulated by the Financial Conduct Authority – Reg. No. 231905.

Protek Group Ltd registered office: Unit 2 Enterprise Way, Edenbridge, Kent, TN8 6HF. Registered in England and Wales. Company Number 09616620.

THIS INFORMATION MAY BE CHECKED ON THE FCA’S REGISTER BY VISITING THEIR WEBSITE OR CONTACTING THEM ON 0845 6061234.

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Financial Ombudsman Service
Should you have cause to complain, and you are not satisfied with our response to your complaint, you may be able to refer it to the Financial Ombudsman Service, which can be contacted as follows: The Financial Ombudsman Service Exchange Tower, London, E14 9SR | Tel: 0800 023 4567 or 0300 123 9 123 | www.financial-ombudsman.org.uk

Online Dispute Resolution platform
Consumers wishing to complain about a policy sold online can register the complaint using the Online Dispute Resolution platform (ODR) at https://ec.europa.eu/consumers/odr/