The Building Warranty Market

By James Russell In Warranties No comments

Well, what an interesting time to be a specialist in the “Latent Defects” and “Insurance Backed Guarantee” market. Two years ago, insurers were falling over themselves to take on these types of policies. Availability of cover was widespread, costs were low and policies easy to obtain. Then we saw a few seismic changes: The withdrawal […]

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CRL Residential Warranty

By Building and Land Guarantees Ltd In Warranties No comments

Anyone holding a CRL Residential Warranty with Alpha Insurance A/S will already be aware of the situation as regards potential lack of insurance cover under the warranty. Further information is available from the Financial Services Compensation Scheme (FSCS) as per the link below: https://www.fscs.org.uk/failed-firms/alpha/ As a company we did not place any business under the […]

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The Residential Warranty – Comparing the Market

By James Russell In Warranties No comments

Why do developers and contractors buy warranties on houses/apartments they are building? That’s easy, it’s because they want to sell the property and they will hit problems with mortgage lenders if they don’t. So, let’s try another question. Why do developers and contractors routinely pay more for these warranties than they have to? Well, that’s […]

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