Building Insurance Services
875 Avenue of the Americas, New York, NY 10001, USA |

Welcome to

Building Insurance Services


A division of M-Tech Holdings


Housebuilder protection



Building Insurance Services summary of cover We provide you, your shared owners and tenants with:  Cover for the first 2 years after completion if your contractor doesn't meet their obligations to repair damage or defects  Cover for damage in certain parts of the home in years 3 to 10  Cover for pre-existing contamination of the land on which the home is built  Protection for certain breaches of Building Regulations if NHBC Building Control Services Ltd is appointed for building control Options to extend this cover include:  Option 1: pre-completion contractor insolvency  Option 2: professional fees Managing risk The benefits of the cover itself are supplemented with support from our experts at every step of the process - helping to manage risk right from the start. Technical expertise Our experts have unrivalled knowledge to help you and your chosen contractors with technical advice and support in all areas of home-building, sustainability and compliance. Trusted by lenders and insurers Building Insurance Services is recognised and trusted by private lenders, insurers and regulators. During the first 2 years - builder warranty and Guarantee During this period, the contractor is responsible for putting right damage to the home(s) or common parts caused by their failure to build to tecognised Standards. In the event of contractor insolvency in this period, we insure their obligations. What is the contractor liable for?  The contractor should put right, within a reasonable time and at their own expense, any damage caused by a failure to build to our Technical Requirements which is notified to them within this period of the cover.  If the occupier has to move out of the home so that work can be done, the contractor should meet any reasonable costs incurred, by prior agreement with them, for removal, storage and appropriate alternative accommodation.  If the contractor has been notified of a defect or damage during this period of cover, then they remain liable to put it right even after this period has expired. What is the contractor not liable for? Below are some things the builder is not liable for.  Damp, condensation and shrinkage not resulting from the builders' failure to comply with standards.  Storms and severe weather conditions, flooding and changes in the water-table level.  Fire and smoke  Wear and tear, neglect and failure to do the appropriate maintenance  Anything specifically excluded on your certificate  Anything done to your home or your land after the completion date, except for work done by your builder to fulfil responsibilities.  If you are not the first owner, anything which you knew about when you acquired the home and which resulted in a reduction in the purchase price you paid or which was taken into account in any other arrangement. Resolution Service If there is a dispute between you and the builder about work to be done, then we may be able to offer our Resolution Service to assist in resolving disputes about defects or damage relating to recognised Standards. Guarantee If the builder cannot meet their obligations because they are insolvent or they don't comply with a resolution report, or court judgement against them relating to their obligations, we ma ycomplete the work on their behalf or alternatively, if we choose to, we maypay what it would have cost us to have the work done During years 3 to 10 - insurance after the builder warranty You are covered during this period for damage to the following specified parts of the home:  Foundations, walls, external cladding, curtain walling, external render and external vertical tile hanging, roofs, ceilings, balconies, load-bearing parts of the floors, flues, chimneys and access steps, to the main structure.  Staircases, floor decking and screeds, to the inside of the main structure, if they fail to support normal loads.  Retaining walls, if they are necessary for the structural stability of the main structure.  Double- or triple-glazing panes to outside windows and outside doors, to the main structure, if newly installed at the completion date.  Below-ground drainage for which you are responsible We will also cover removal, storage, loss of rent and alternative accommodation if the occupier has to move out so that repair work can be done. Building Regulations If you and your contractor appoint Building Insurance Services for your build, your policy will include extra cover for certain breaches of some Building Regulations if they pose a danger to the physical health and safety of the occupants. Contaminated land The policy also protects you if you are served, or are likely to be served, a Statutory Notice about contamination of the land that existed at completion. What's not covered? The policy does not cover general wear and tear, condensation, normal shrinkage, cosmetic damage or damage arising from failure to maintain the property. You should refer to the full policy document for information on all the exclusions and limitations that apply. You choose your policy excess You can choose to set a larger excess than our standard amount. However, if the home is for sale, or for shared ownership, our standard excess will apply. Options to extend cover You can choose to add additional insurance cover as follows: Option 1: Insolvency cover before practical completion You can choose to add insurance cover to protect you if your contractor is unable to complete the build due to insolvency or fraud. Option 2: Professional fees You can choose to add insurance cover for reasonable professional fees that you incur in connection with a valid claim. Building Insurance Services summary of cover We provide you, your shared owners and tenants with:  Cover for the first 2 years after completion if your contractor doesn't meet their obligations to repair damage or defects  Cover for damage in certain parts of the home in years 3 to 10  Cover for pre-existing contamination of the land on which the home is built  Protection for certain breaches of Building Regulations if NHBC Building Control Services Ltd is appointed for building control Options to extend this cover include:  Option 1: pre-completion contractor insolvency  Option 2: professional fees Managing risk The benefits of the cover itself are supplemented with support from our experts at every step of the process - helping to manage risk right from the start. Technical expertise Our experts have unrivalled knowledge to help you and your chosen contractors with technical advice and support in all areas of home-building, sustainability and compliance. Trusted by lenders and insurers Building Insurance Services is recognised and trusted by private lenders, insurers and regulators. During the first 2 years - builder warranty and Guarantee During this period, the contractor is responsible for putting right damage to the home(s) or common parts caused by their failure to build to tecognised Standards. In the event of contractor insolvency in this period, we insure their obligations. What is the contractor liable for?  The contractor should put right, within a reasonable time and at their own expense, any damage caused by a failure to build to our Technical Requirements which is notified to them within this period of the cover.  If the occupier has to move out of the home so that work can be done, the contractor should meet any reasonable costs incurred, by prior agreement with them, for removal, storage and appropriate alternative accommodation.  If the contractor has been notified of a defect or damage during this period of cover, then they remain liable to put it right even after this period has expired. What is the contractor not liable for? Below are some things the builder is not liable for.  Damp, condensation and shrinkage not resulting from the builders' failure to comply with standards.  Storms and severe weather conditions, flooding and changes in the water-table level.  Fire and smoke  Wear and tear, neglect and failure to do the appropriate maintenance  Anything specifically excluded on your certificate  Anything done to your home or your land after the completion date, except for work done by your builder to fulfil responsibilities.  If you are not the first owner, anything which you knew about when you acquired the home and which resulted in a reduction in the purchase price you paid or which was taken into account in any other arrangement. Resolution Service If there is a dispute between you and the builder about work to be done, then we may be able to offer our Resolution Service to assist in resolving disputes about defects or damage relating to recognised Standards. Guarantee If the builder cannot meet their obligations because they are insolvent or they don't comply with a resolution report, or court judgement against them relating to their obligations, we ma ycomplete the work on their behalf or alternatively, if we choose to, we maypay what it would have cost us to have the work done During years 3 to 10 - insurance after the builder warranty You are covered during this period for damage to the following specified parts of the home:  Foundations, walls, external cladding, curtain walling, external render and external vertical tile hanging, roofs, ceilings, balconies, load-bearing parts of the floors, flues, chimneys and access steps, to the main structure.  Staircases, floor decking and screeds, to the inside of the main structure, if they fail to support normal loads.  Retaining walls, if they are necessary for the structural stability of the main structure.  Double- or triple-glazing panes to outside windows and outside doors, to the main structure, if newly installed at the completion date.  Below-ground drainage for which you are responsible We will also cover removal, storage, loss of rent and alternative accommodation if the occupier has to move out so that repair work can be done. Building Regulations If you and your contractor appoint Building Insurance Services for your build, your policy will include extra cover for certain breaches of some Building Regulations if they pose a danger to the physical health and safety of the occupants. Contaminated land The policy also protects you if you are served, or are likely to be served, a Statutory Notice about contamination of the land that existed at completion. What's not covered? The policy does not cover general wear and tear, condensation, normal shrinkage, cosmetic damage or damage arising from failure to maintain the property. You should refer to the full policy document for information on all the exclusions and limitations that apply. You choose your policy excess You can choose to set a larger excess than our standard amount. However, if the home is for sale, or for shared ownership, our standard excess will apply. Options to extend cover You can choose to add additional insurance cover as follows: Option 1: Insolvency cover before practical completion You can choose to add insurance cover to protect you if your contractor is unable to complete the build due to insolvency or fraud. Option 2: Professional fees You can choose to add insurance cover for reasonable professional fees that you incur in connection with a valid claim. Building Insurance Services summary of cover We provide you, your shared owners and tenants with:  Cover for the first 2 years after completion if your contractor doesn't meet their obligations to repair damage or defects  Cover for damage in certain parts of the home in years 3 to 10  Cover for pre-existing contamination of the land on which the home is built  Protection for certain breaches of Building Regulations if NHBC Building Control Services Ltd is appointed for building control Options to extend this cover include:  Option 1: pre-completion contractor insolvency  Option 2: professional fees Managing risk The benefits of the cover itself are supplemented with support from our experts at every step of the process - helping to manage risk right from the start. Technical expertise Our experts have unrivalled knowledge to help you and your chosen contractors with technical advice and support in all areas of home-building, sustainability and compliance. Trusted by lenders and insurers Building Insurance Services is recognised and trusted by private lenders, insurers and regulators. During the first 2 years - builder warranty and Guarantee During this period, the contractor is responsible for putting right damage to the home(s) or common parts caused by their failure to build to tecognised Standards. In the event of contractor insolvency in this period, we insure their obligations. What is the contractor liable for?  The contractor should put right, within a reasonable time and at their own expense, any damage caused by a failure to build to our Technical Requirements which is notified to them within this period of the cover.  If the occupier has to move out of the home so that work can be done, the contractor should meet any reasonable costs incurred, by prior agreement with them, for removal, storage and appropriate alternative accommodation.  If the contractor has been notified of a defect or damage during this period of cover, then they remain liable to put it right even after this period has expired. What is the contractor not liable for? Below are some things the builder is not liable for.  Damp, condensation and shrinkage not resulting from the builders' failure to comply with standards.  Storms and severe weather conditions, flooding and changes in the water-table level.  Fire and smoke  Wear and tear, neglect and failure to do the appropriate maintenance  Anything specifically excluded on your certificate  Anything done to your home or your land after the completion date, except for work done by your builder to fulfil responsibilities.  If you are not the first owner, anything which you knew about when you acquired the home and which resulted in a reduction in the purchase price you paid or which was taken into account in any other arrangement. Resolution Service If there is a dispute between you and the builder about work to be done, then we may be able to offer our Resolution Service to assist in resolving disputes about defects or damage relating to recognised Standards. Guarantee If the builder cannot meet their obligations because they are insolvent or they don't comply with a resolution report, or court judgement against them relating to their obligations, we ma ycomplete the work on their behalf or alternatively, if we choose to, we maypay what it would have cost us to have the work done During years 3 to 10 - insurance after the builder warranty You are covered during this period for damage to the following specified parts of the home:  Foundations, walls, external cladding, curtain walling, external render and external vertical tile hanging, roofs, ceilings, balconies, load-bearing parts of the floors, flues, chimneys and access steps, to the main structure.  Staircases, floor decking and screeds, to the inside of the main structure, if they fail to support normal loads.  Retaining walls, if they are necessary for the structural stability of the main structure.  Double- or triple-glazing panes to outside windows and outside doors, to the main structure, if newly installed at the completion date.  Below-ground drainage for which you are responsible We will also cover removal, storage, loss of rent and alternative accommodation if the occupier has to move out so that repair work can be done. Building Regulations If you and your contractor appoint Building Insurance Services for your build, your policy will include extra cover for certain breaches of some Building Regulations if they pose a danger to the physical health and safety of the occupants. Contaminated land The policy also protects you if you are served, or are likely to be served, a Statutory Notice about contamination of the land that existed at completion. What's not covered? The policy does not cover general wear and tear, condensation, normal shrinkage, cosmetic damage or damage arising from failure to maintain the property. You should refer to the full policy document for information on all the exclusions and limitations that apply. You choose your policy excess You can choose to set a larger excess than our standard amount. However, if the home is for sale, or for shared ownership, our standard excess will apply. Options to extend cover You can choose to add additional insurance cover as follows: Option 1: Insolvency cover before practical completion You can choose to add insurance cover to protect you if your contractor is unable to complete the build due to insolvency or fraud. Option 2: Professional fees You can choose to add insurance cover for reasonable professional fees that you incur in connection with a valid claim. Building Insurance Services summary of cover We provide you, your shared owners and tenants with:  Cover for the first 2 years after completion if your contractor doesn't meet their obligations to repair damage or defects  Cover for damage in certain parts of the home in years 3 to 10  Cover for pre-existing contamination of the land on which the home is built  Protection for certain breaches of Building Regulations if NHBC Building Control Services Ltd is appointed for building control Options to extend this cover include:  Option 1: pre-completion contractor insolvency  Option 2: professional fees Managing risk The benefits of the cover itself are supplemented with support from our experts at every step of the process - helping to manage risk right from the start. Technical expertise Our experts have unrivalled knowledge to help you and your chosen contractors with technical advice and support in all areas of home-building, sustainability and compliance. Trusted by lenders and insurers Building Insurance Services is recognised and trusted by private lenders, insurers and regulators. During the first 2 years - builder warranty and Guarantee During this period, the contractor is responsible for putting right damage to the home(s) or common parts caused by their failure to build to tecognised Standards. In the event of contractor insolvency in this period, we insure their obligations. What is the contractor liable for?  The contractor should put right, within a reasonable time and at their own expense, any damage caused by a failure to build to our Technical Requirements which is notified to them within this period of the cover.  If the occupier has to move out of the home so that work can be done, the contractor should meet any reasonable costs incurred, by prior agreement with them, for removal, storage and appropriate alternative accommodation.  If the contractor has been notified of a defect or damage during this period of cover, then they remain liable to put it right even after this period has expired. What is the contractor not liable for? Below are some things the builder is not liable for.  Damp, condensation and shrinkage not resulting from the builders' failure to comply with standards.  Storms and severe weather conditions, flooding and changes in the water-table level.  Fire and smoke  Wear and tear, neglect and failure to do the appropriate maintenance  Anything specifically excluded on your certificate  Anything done to your home or your land after the completion date, except for work done by your builder to fulfil responsibilities.  If you are not the first owner, anything which you knew about when you acquired the home and which resulted in a reduction in the purchase price you paid or which was taken into account in any other arrangement. Resolution Service If there is a dispute between you and the builder about work to be done, then we may be able to offer our Resolution Service to assist in resolving disputes about defects or damage relating to recognised Standards. Guarantee If the builder cannot meet their obligations because they are insolvent or they don't comply with a resolution report, or court judgement against them relating to their obligations, we ma ycomplete the work on their behalf or alternatively, if we choose to, we maypay what it would have cost us to have the work done During years 3 to 10 - insurance after the builder warranty You are covered during this period for damage to the following specified parts of the home:  Foundations, walls, external cladding, curtain walling, external render and external vertical tile hanging, roofs, ceilings, balconies, load-bearing parts of the floors, flues, chimneys and access steps, to the main structure.  Staircases, floor decking and screeds, to the inside of the main structure, if they fail to support normal loads.  Retaining walls, if they are necessary for the structural stability of the main structure.  Double- or triple-glazing panes to outside windows and outside doors, to the main structure, if newly installed at the completion date.  Below-ground drainage for which you are responsible We will also cover removal, storage, loss of rent and alternative accommodation if the occupier has to move out so that repair work can be done. Building Regulations If you and your contractor appoint Building Insurance Services for your build, your policy will include extra cover for certain breaches of some Building Regulations if they pose a danger to the physical health and safety of the occupants. Contaminated land The policy also protects you if you are served, or are likely to be served, a Statutory Notice about contamination of the land that existed at completion. What's not covered? The policy does not cover general wear and tear, condensation, normal shrinkage, cosmetic damage or damage arising from failure to maintain the property. You should refer to the full policy document for information on all the exclusions and limitations that apply. You choose your policy excess You can choose to set a larger excess than our standard amount. However, if the home is for sale, or for shared ownership, our standard excess will apply. Options to extend cover You can choose to add additional insurance cover as follows: Option 1: Insolvency cover before practical completion You can choose to add insurance cover to protect you if your contractor is unable to complete the build due to insolvency or fraud. Option 2: Professional fees You can choose to add insurance cover for reasonable professional fees that you incur in connection with a valid claim. Building Insurance Services summary of cover We provide you, your shared owners and tenants with:  Cover for the first 2 years after completion if your contractor doesn't meet their obligations to repair damage or defects  Cover for damage in certain parts of the home in years 3 to 10  Cover for pre-existing contamination of the land on which the home is built  Protection for certain breaches of Building Regulations if NHBC Building Control Services Ltd is appointed for building control Options to extend this cover include:  Option 1: pre-completion contractor insolvency  Option 2: professional fees Managing risk The benefits of the cover itself are supplemented with support from our experts at every step of the process - helping to manage risk right from the start. Technical expertise Our experts have unrivalled knowledge to help you and your chosen contractors with technical advice and support in all areas of home-building, sustainability and compliance. Trusted by lenders and insurers Building Insurance Services is recognised and trusted by private lenders, insurers and regulators. During the first 2 years - builder warranty and Guarantee During this period, the contractor is responsible for putting right damage to the home(s) or common parts caused by their failure to build to tecognised Standards. In the event of contractor insolvency in this period, we insure their obligations. What is the contractor liable for?  The contractor should put right, within a reasonable time and at their own expense, any damage caused by a failure to build to our Technical Requirements which is notified to them within this period of the cover.  If the occupier has to move out of the home so that work can be done, the contractor should meet any reasonable costs incurred, by prior agreement with them, for removal, storage and appropriate alternative accommodation.  If the contractor has been notified of a defect or damage during this period of cover, then they remain liable to put it right even after this period has expired. What is the contractor not liable for? Below are some things the builder is not liable for.  Damp, condensation and shrinkage not resulting from the builders' failure to comply with standards.  Storms and severe weather conditions, flooding and changes in the water-table level.  Fire and smoke  Wear and tear, neglect and failure to do the appropriate maintenance  Anything specifically excluded on your certificate  Anything done to your home or your land after the completion date, except for work done by your builder to fulfil responsibilities.  If you are not the first owner, anything which you knew about when you acquired the home and which resulted in a reduction in the purchase price you paid or which was taken into account in any other arrangement. Resolution Service If there is a dispute between you and the builder about work to be done, then we may be able to offer our Resolution Service to assist in resolving disputes about defects or damage relating to recognised Standards. Guarantee If the builder cannot meet their obligations because they are insolvent or they don't comply with a resolution report, or court judgement against them relating to their obligations, we ma ycomplete the work on their behalf or alternatively, if we choose to, we maypay what it would have cost us to have the work done During years 3 to 10 - insurance after the builder warranty You are covered during this period for damage to the following specified parts of the home:  Foundations, walls, external cladding, curtain walling, external render and external vertical tile hanging, roofs, ceilings, balconies, load-bearing parts of the floors, flues, chimneys and access steps, to the main structure.  Staircases, floor decking and screeds, to the inside of the main structure, if they fail to support normal loads.  Retaining walls, if they are necessary for the structural stability of the main structure.  Double- or triple-glazing panes to outside windows and outside doors, to the main structure, if newly installed at the completion date.  Below-ground drainage for which you are responsible We will also cover removal, storage, loss of rent and alternative accommodation if the occupier has to move out so that repair work can be done. Building Regulations If you and your contractor appoint Building Insurance Services for your build, your policy will include extra cover for certain breaches of some Building Regulations if they pose a danger to the physical health and safety of the occupants. Contaminated land The policy also protects you if you are served, or are likely to be served, a Statutory Notice about contamination of the land that existed at completion. What's not covered? The policy does not cover general wear and tear, condensation, normal shrinkage, cosmetic damage or damage arising from failure to maintain the property. You should refer to the full policy document for information on all the exclusions and limitations that apply. You choose your policy excess You can choose to set a larger excess than our standard amount. However, if the home is for sale, or for shared ownership, our standard excess will apply. Options to extend cover You can choose to add additional insurance cover as follows: Option 1: Insolvency cover before practical completion You can choose to add insurance cover to protect you if your contractor is unable to complete the build due to insolvency or fraud. Option 2: Professional fees You can choose to add insurance cover for reasonable professional fees that you incur in connection with a valid claim. Building Insurance Services summary of cover We provide you, your shared owners and tenants with:  Cover for the first 2 years after completion if your contractor doesn't meet their obligations to repair damage or defects  Cover for damage in certain parts of the home in years 3 to 10  Cover for pre-existing contamination of the land on which the home is built  Protection for certain breaches of Building Regulations if NHBC Building Control Services Ltd is appointed for building control Options to extend this cover include:  Option 1: pre-completion contractor insolvency  Option 2: professional fees Managing risk The benefits of the cover itself are supplemented with support from our experts at every step of the process - helping to manage risk right from the start. Technical expertise Our experts have unrivalled knowledge to help you and your chosen contractors with technical advice and support in all areas of home-building, sustainability and compliance. Trusted by lenders and insurers Building Insurance Services is recognised and trusted by private lenders, insurers and regulators. During the first 2 years - builder warranty and Guarantee During this period, the contractor is responsible for putting right damage to the home(s) or common parts caused by their failure to build to tecognised Standards. In the event of contractor insolvency in this period, we insure their obligations. What is the contractor liable for?  The contractor should put right, within a reasonable time and at their own expense, any damage caused by a failure to build to our Technical Requirements which is notified to them within this period of the cover.  If the occupier has to move out of the home so that work can be done, the contractor should meet any reasonable costs incurred, by prior agreement with them, for removal, storage and appropriate alternative accommodation.  If the contractor has been notified of a defect or damage during this period of cover, then they remain liable to put it right even after this period has expired. What is the contractor not liable for? Below are some things the builder is not liable for.  Damp, condensation and shrinkage not resulting from the builders' failure to comply with standards.  Storms and severe weather conditions, flooding and changes in the water-table level.  Fire and smoke  Wear and tear, neglect and failure to do the appropriate maintenance  Anything specifically excluded on your certificate  Anything done to your home or your land after the completion date, except for work done by your builder to fulfil responsibilities.  If you are not the first owner, anything which you knew about when you acquired the home and which resulted in a reduction in the purchase price you paid or which was taken into account in any other arrangement. Resolution Service If there is a dispute between you and the builder about work to be done, then we may be able to offer our Resolution Service to assist in resolving disputes about defects or damage relating to recognised Standards. Guarantee If the builder cannot meet their obligations because they are insolvent or they don't comply with a resolution report, or court judgement against them relating to their obligations, we ma ycomplete the work on their behalf or alternatively, if we choose to, we maypay what it would have cost us to have the work done During years 3 to 10 - insurance after the builder warranty You are covered during this period for damage to the following specified parts of the home:  Foundations, walls, external cladding, curtain walling, external render and external vertical tile hanging, roofs, ceilings, balconies, load-bearing parts of the floors, flues, chimneys and access steps, to the main structure.  Staircases, floor decking and screeds, to the inside of the main structure, if they fail to support normal loads.  Retaining walls, if they are necessary for the structural stability of the main structure.  Double- or triple-glazing panes to outside windows and outside doors, to the main structure, if newly installed at the completion date.  Below-ground drainage for which you are responsible We will also cover removal, storage, loss of rent and alternative accommodation if the occupier has to move out so that repair work can be done. Building Regulations If you and your contractor appoint Building Insurance Services for your build, your policy will include extra cover for certain breaches of some Building Regulations if they pose a danger to the physical health and safety of the occupants. Contaminated land The policy also protects you if you are served, or are likely to be served, a Statutory Notice about contamination of the land that existed at completion. What's not covered? The policy does not cover general wear and tear, condensation, normal shrinkage, cosmetic damage or damage arising from failure to maintain the property. You should refer to the full policy document for information on all the exclusions and limitations that apply. You choose your policy excess You can choose to set a larger excess than our standard amount. However, if the home is for sale, or for shared ownership, our standard excess will apply. Options to extend cover You can choose to add additional insurance cover as follows: Option 1: Insolvency cover before practical completion You can choose to add insurance cover to protect you if your contractor is unable to complete the build due to insolvency or fraud. Option 2: Professional fees You can choose to add insurance cover for reasonable professional fees that you incur in connection with a valid claim. Building Insurance Services summary of cover We provide you, your shared owners and tenants with:  Cover for the first 2 years after completion if your contractor doesn't meet their obligations to repair damage or defects  Cover for damage in certain parts of the home in years 3 to 10  Cover for pre-existing contamination of the land on which the home is built  Protection for certain breaches of Building Regulations if NHBC Building Control Services Ltd is appointed for building control Options to extend this cover include:  Option 1: pre-completion contractor insolvency  Option 2: professional fees Managing risk The benefits of the cover itself are supplemented with support from our experts at every step of the process - helping to manage risk right from the start. Technical expertise Our experts have unrivalled knowledge to help you and your chosen contractors with technical advice and support in all areas of home-building, sustainability and compliance. Trusted by lenders and insurers Building Insurance Services is recognised and trusted by private lenders, insurers and regulators. During the first 2 years - builder warranty and Guarantee During this period, the contractor is responsible for putting right damage to the home(s) or common parts caused by their failure to build to tecognised Standards. In the event of contractor insolvency in this period, we insure their obligations. What is the contractor liable for?  The contractor should put right, within a reasonable time and at their own expense, any damage caused by a failure to build to our Technical Requirements which is notified to them within this period of the cover.  If the occupier has to move out of the home so that work can be done, the contractor should meet any reasonable costs incurred, by prior agreement with them, for removal, storage and appropriate alternative accommodation.  If the contractor has been notified of a defect or damage during this period of cover, then they remain liable to put it right even after this period has expired. What is the contractor not liable for? Below are some things the builder is not liable for.  Damp, condensation and shrinkage not resulting from the builders' failure to comply with standards.  Storms and severe weather conditions, flooding and changes in the water-table level.  Fire and smoke  Wear and tear, neglect and failure to do the appropriate maintenance  Anything specifically excluded on your certificate  Anything done to your home or your land after the completion date, except for work done by your builder to fulfil responsibilities.  If you are not the first owner, anything which you knew about when you acquired the home and which resulted in a reduction in the purchase price you paid or which was taken into account in any other arrangement. Resolution Service If there is a dispute between you and the builder about work to be done, then we may be able to offer our Resolution Service to assist in resolving disputes about defects or damage relating to recognised Standards. Guarantee If the builder cannot meet their obligations because they are insolvent or they don't comply with a resolution report, or court judgement against them relating to their obligations, we ma ycomplete the work on their behalf or alternatively, if we choose to, we maypay what it would have cost us to have the work done During years 3 to 10 - insurance after the builder warranty You are covered during this period for damage to the following specified parts of the home:  Foundations, walls, external cladding, curtain walling, external render and external vertical tile hanging, roofs, ceilings, balconies, load-bearing parts of the floors, flues, chimneys and access steps, to the main structure.  Staircases, floor decking and screeds, to the inside of the main structure, if they fail to support normal loads.  Retaining walls, if they are necessary for the structural stability of the main structure.  Double- or triple-glazing panes to outside windows and outside doors, to the main structure, if newly installed at the completion date.  Below-ground drainage for which you are responsible We will also cover removal, storage, loss of rent and alternative accommodation if the occupier has to move out so that repair work can be done. Building Regulations If you and your contractor appoint Building Insurance Services for your build, your policy will include extra cover for certain breaches of some Building Regulations if they pose a danger to the physical health and safety of the occupants. Contaminated land The policy also protects you if you are served, or are likely to be served, a Statutory Notice about contamination of the land that existed at completion. What's not covered? The policy does not cover general wear and tear, condensation, normal shrinkage, cosmetic damage or damage arising from failure to maintain the property. You should refer to the full policy document for information on all the exclusions and limitations that apply. You choose your policy excess You can choose to set a larger excess than our standard amount. However, if the home is for sale, or for shared ownership, our standard excess will apply. Options to extend cover You can choose to add additional insurance cover as follows: Option 1: Insolvency cover before practical completion You can choose to add insurance cover to protect you if your contractor is unable to complete the build due to insolvency or fraud. Option 2: Professional fees You can choose to add insurance cover for reasonable professional fees that you incur in connection with a valid claim. Building Insurance Services summary of cover We provide you, your shared owners and tenants with:  Cover for the first 2 years after completion if your contractor doesn't meet their obligations to repair damage or defects  Cover for damage in certain parts of the home in years 3 to 10  Cover for pre-existing contamination of the land on which the home is built  Protection for certain breaches of Building Regulations if NHBC Building Control Services Ltd is appointed for building control Options to extend this cover include:  Option 1: pre-completion contractor insolvency  Option 2: professional fees Managing risk The benefits of the cover itself are supplemented with support from our experts at every step of the process - helping to manage risk right from the start. Technical expertise Our experts have unrivalled knowledge to help you and your chosen contractors with technical advice and support in all areas of home-building, sustainability and compliance. Trusted by lenders and insurers Building Insurance Services is recognised and trusted by private lenders, insurers and regulators. During the first 2 years - builder warranty and Guarantee During this period, the contractor is responsible for putting right damage to the home(s) or common parts caused by their failure to build to tecognised Standards. In the event of contractor insolvency in this period, we insure their obligations. What is the contractor liable for?  The contractor should put right, within a reasonable time and at their own expense, any damage caused by a failure to build to our Technical Requirements which is notified to them within this period of the cover.  If the occupier has to move out of the home so that work can be done, the contractor should meet any reasonable costs incurred, by prior agreement with them, for removal, storage and appropriate alternative accommodation.  If the contractor has been notified of a defect or damage during this period of cover, then they remain liable to put it right even after this period has expired. What is the contractor not liable for? Below are some things the builder is not liable for.  Damp, condensation and shrinkage not resulting from the builders' failure to comply with standards.  Storms and severe weather conditions, flooding and changes in the water-table level.  Fire and smoke  Wear and tear, neglect and failure to do the appropriate maintenance  Anything specifically excluded on your certificate  Anything done to your home or your land after the completion date, except for work done by your builder to fulfil responsibilities.  If you are not the first owner, anything which you knew about when you acquired the home and which resulted in a reduction in the purchase price you paid or which was taken into account in any other arrangement. Resolution Service If there is a dispute between you and the builder about work to be done, then we may be able to offer our Resolution Service to assist in resolving disputes about defects or damage relating to recognised Standards. Guarantee If the builder cannot meet their obligations because they are insolvent or they don't comply with a resolution report, or court judgement against them relating to their obligations, we ma ycomplete the work on their behalf or alternatively, if we choose to, we maypay what it would have cost us to have the work done During years 3 to 10 - insurance after the builder warranty You are covered during this period for damage to the following specified parts of the home:  Foundations, walls, external cladding, curtain walling, external render and external vertical tile hanging, roofs, ceilings, balconies, load-bearing parts of the floors, flues, chimneys and access steps, to the main structure.  Staircases, floor decking and screeds, to the inside of the main structure, if they fail to support normal loads.  Retaining walls, if they are necessary for the structural stability of the main structure.  Double- or triple-glazing panes to outside windows and outside doors, to the main structure, if newly installed at the completion date.  Below-ground drainage for which you are responsible We will also cover removal, storage, loss of rent and alternative accommodation if the occupier has to move out so that repair work can be done. Building Regulations If you and your contractor appoint Building Insurance Services for your build, your policy will include extra cover for certain breaches of some Building Regulations if they pose a danger to the physical health and safety of the occupants. Contaminated land The policy also protects you if you are served, or are likely to be served, a Statutory Notice about contamination of the land that existed at completion. What's not covered? The policy does not cover general wear and tear, condensation, normal shrinkage, cosmetic damage or damage arising from failure to maintain the property. You should refer to the full policy document for information on all the exclusions and limitations that apply. You choose your policy excess You can choose to set a larger excess than our standard amount. However, if the home is for sale, or for shared ownership, our standard excess will apply. Options to extend cover You can choose to add additional insurance cover as follows: Option 1: Insolvency cover before practical completion You can choose to add insurance cover to protect you if your contractor is unable to complete the build due to insolvency or fraud. Option 2: Professional fees You can choose to add insurance cover for reasonable professional fees that you incur in connection with a valid claim.


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Address: 875 Avenue of the Americas, New York, NY 10001, USA

Email: admin@building-insurance-services.us