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DEFECTS INSURANCE
GUARANTEE
ASUCplus’
Defects Insurance Guarantee (DIG) covers ALL the works carried out under contract at a
property - NOT just the subsidence repair. Only available through ASUC contractors, the
one-off LATENT DEFECTS insurance policy gives the client the benefit of a Guarantee on all
the works including the structural repairs and drainage, etc.
This initiative from ASUCplus
improves on
the previous insolvency guarantee offered by its members and now runs for a period of
TWELVE years. Proposed Government legislation to help combat "cowboy"
operators will soon mean that all builders and contractors will have to offer meaningful
warranties for their works and, with this new Guarantee, ASUCplus
believe they are first in
the field.
Because the insurance is issued direct
to the client on their property, the Guarantee can be included with the plans and
specifications in the proposed VENDORS PACK and is a positive asset when selling a
property.
The main benefits* of ASUCplus’
Guarantee are:
- Indemnity policy - client does not have
to prove negligence against any party
- Remains in force even if the issuing
company fails
- 12 year term
- Covers ALL the contract works and
defects in workmanship or design
- Up to 25% of the contract sum is insured
for consquential losses
- Alternative accommodation is covered for
up to 26 weeks
- Contract sum is index linked
- Can be passed to any subsequent owner of
the property
- Available on domestic and commercial
property
* as with all insurance cover, read the
policy document for full details
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Subsidence
Repair Techniques & Engineered Foundation Solutions