Kerry London Underwriting News

Latent Defects Insurance Cover

Tuesday 16th March
Latent Defects Insurance Cover

If your clients are responsible for the construction of a single house, a housing estate, commercial property or business park, insurance against Latent Defects is vital.

Latent Defect Insurance provides cover for the cost of remedying and rectifying damage arising from faults in design, construction, installation, workmanship, materials and overall supervision.  It also normally covers structural defects such as subsidence landslip or heave, or the ingress of water.

The Council of Mortgage Lenders now insists on a 10-year Latent Defects policy before lending any money on newly built residential properties. So, it’s importance cannot be underestimated.

As you would expect, Latent Defects is suitable for developers, property owners, contractors and private finance initiatives and can also be purchased for completed renovation projects. It’s first party cover, which means there’s no reliance on redeeming money from any specific professional before receiving a pay-out. The insurance company pays and then settles with the relevant professional further down the line. It should be sourced prior to construction starting, and the policy should run between 10 and 12 years from the date of practical completion.

Here to help

With over 30 years’ experience in construction, we have the expertise to find you a policy that suits your needs. Kerry London Underwriting’s accreditation as a Lloyd’s broker, and our reputation in the industry, provides us with access to significant, niche insurers. We can arrange cover for a wide range of scenarios and requirements, including existing structures, work already started, refurbishments and extensions.

Why Kerry London Underwriting?

Our team are always focused on making our brokers’ lives as easy as possible, here’s how we do that:

Online broker quote and bind facility, with real-time underwriter support whenever you need it

  • We always use rated markets
  • We offer additional covers, included as standard
  • We give every policy the same care and attention, whether risks are simple or complex
  • We support over 100 construction and building related trades
  • We offer policies for trade combining

And, above all that, we are always happy to talk to you about your clients’ risks at any time. If you’d like to talk about Latent Defects insurance, or indeed any other policy we provide, then get in touch on: 0207 623 4957 or

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