The ASUC Insurance-backed Guarantees

The ASUC 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.

ASUC 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 ASUC 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

* There is an option to extend the DIG by five years - contact MDIS for more details.

As with all insurance cover - read the policy document for full details