People are increasingly building downwards as well as upwards. In urban areas where space is at a premium, sizeable basement developments are being carried out as owners and tenants look to maximise living space.
When considering such work, it is vitally important that a long term insurance guarantee be obtained. This provides important protection should there be any defects within the basement, such as workmanship or materials (ie membranes/tanking).
Policies are available for up to 12 years and can include the benefit of independent site surveys during construction to ensure high quality, which benefits both the owner and the contractor.
Such insurance cover can be essential not only to protect the owner, but also to provide protection for mortgage lenders and future owners considering purchasing, or tenants occupying, the property.
Contact us and we will be happy to help you.