Latent Defects Insurance

Protection against Financial Losses - Latent defects insurance can provide protection to property owners and developers against financial losses that may result from latent defects. It covers the costs of repairs and ensures that the property is safe and habitable.

Increased Marketability - Properties that are covered by latent defects insurance are more marketable as they provide buyers and long-term leaseholders with confidence that there is a Latent Defects Policy in force for a significant period post building completion.

Peace of Mind - Latent defects insurance provides peace of mind to property owners and developers, knowing that latent defects are covered by the insurance policy.

Professional Expertise - Professional Engineers are engaged throughout the build period to oversee, on behalf of the Underwriters, that the structure is completed in accordance with plans/specifications. Thus, the developer/owner can be confident that external professionals have overseen the build from foundations up.

Protection for Long Periods - Latent defects insurance policies usually cover a 10-12 year period from policy inception, providing protection to property owners and developers for the period selected.

The 360 Degree Underwriting latent defects insurance products are backed by A-rated Insurers and the products are best considered under the following headings;

Reputation - 360 and their supporting insurers have an excellent reputation in the market. The Insurers are A-rated and they bring with them decades of experience in underwriting latent defects insurance, and paying claims.

Coverage - the 360 latent defects insurance products provide a comprehensive primary cover meaning that our latent defects insurance answers indemnifiable claims rather than waiting for all other insurance/third party options to be exhausted. This reduces delays for the policyholder and gives them greater certainty that the product will be there for them immediately when needed.

Price - the 360 latent defects insurance products are market competitive and should be compared with like, primary insurance offerings. Latent defects insurance is an important purchase - understanding what cover you are getting in return for the premium paid is very important. Perceived premium savings will quickly be lost in the event that the product chosen does not provide the cover you expected. We offer cover for full value reinstatement.

Engineering - the 360 latent defects insurance products are supported by an independent engineering review to support the design and build team during the construction phase. Any issues which could impact on final build quality are identified early and can be rectified then, rather than later on at greater expense. This engineering service is a value added element to latent defects insurance and the engineering team work closely and cooperatively with the site team.

Customer Service - at 360 we pride ourselves on service. Upon receipt of all data required to risk assess and underwrite our latent defects insurance products, we generally turn quotes around within 5 working days.