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The ASUCplus Insurance-backed Guarantees

The ASUCplus guarantees improve on the usual insolvency guarantees because they are a direct contract between the underwriting insurance company and the ultimate client, and therefore not dependent upon the trading company still if a claim is made.

ASUCplus has two forms of insurance-backed guarantees:

THE DIG - Defects Insurance Guarantee - applies to underpinning, mini piling and foundation works

THE BIG - Basement Insurance Guarantee - applies to domestic retro-fit basements

• It is 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.
• The DIG or BIG is issued direct to the client and is a positive asset when selling a property

The main benefits* of ASUCplus DIG and BIG Guarantees are:

• Indemnity policy
• Remains in force even if the issuing company fails
• 12 year term for DIG and
• 10 year term for BIG
• Covers ALL the contract works and defects in workmanship or design
• In the case of the BIG can include waterproofing if that section of the policy has been incepted
• Up to 25% of the contract sum is insured for consequential 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

Click here to see the DIG Policy Wording

Click here to see the BIG (Basement) Policy Wording

Click here to see some FAQs on the DIG scheme

Click here to download the Gary Devaney ASUC Guarantee presentation