Building Control Service
Insurance and Warranty Schemes
LABC New Home Waranty
This is a high quality 10 year housing warranty available only
to users of our service. It is available for self builds,
multiple plot speculative residential housing and social housing.
For further details contact LABC New Home Warranty tel: 0845
054 0505 or visit www.labcnewhomewarranty.co.uk
LABC Latent Gold - The UK's largest latent defect scheme
This is a scheme to provide a 10-year building warranty against
latent defects to commercial buildings. It is only available to
users of Local Authority Building Control. As a cost saving measure
for the customer if we carry out the site inspections on buildings
up to £10 million build cost the insurer will not require any
further checks to be made. The insurance has been arranged through
one of Europe's largest insurance companies Allianz.
The latent defect insurance will cover any structural defect in
the construction of the building caused by faulty construction,
design, materials or incorrect specification of materials. It is
primarily for new build schemes but cover can be arranged for major
refurbishment schemes as well.
For more information and expert advice call Oval Insurance
Broking tel: 0845 075 3530 or visit their web page at
www.labclatentgold.co.uk
MasterBond - Domestic Warranty Scheme
This is another warranty scheme, introduced by the Federation of
Master Builders in association with Local Authority Building
Control. It provides a two year full and ten-year structural
warranty against building defects for domestic extensions,
renovations and improvements.
The warranty protects against loss of
deposit, defects due to faulty workmanship or materials for the
first two years and against structural defects for a further eight
years. Cover extends to work carried out by sub-contractors
appointed by your builder and even continues if your builder
subsequently goes out of business. A free dispute resolution
service is available to those who have taken out the insurance,
should a dispute over quality arise between you and your
builder.
As with Latent Gold the insurance is very competitively priced
at 1.5% of the total cost of the job. So a job costing £5,000 would
cost only £75 plus IPT to insure for ten years.
For an information pack about MasterBond, contact the free FMB
helpline on 08000 965765 or e-mail masterbond@fmb.org.uk