For anyone building a property, builder's legal protection insurance is essential cover. It protects against the financial and legal risks that can arise during construction projects. Here is the most important information for you.
What does builder's legal protection insurance cover?
- Legal conflicts with construction companies: protection in disputes about construction delays or poor workmanship.
- Conflicts with tradespeople: cover in the event of defective work or unjustified claims.
- Problems with the architect: it was overlooked that the ground does not have sufficient load-bearing capacity. You cannot move in after completion and want the architect to compensate you for your loss.
Note the waiting period
- Waiting period: typically six months before full insurance cover applies. As an experienced broker, we are also happy to offer you a solution without waiting periods
- Reason: it protects the insurer against conflicts that already exist or are foreseeable.
- Tip: take out the insurance early, ideally at least six months before construction begins. Alternatively, choose cover without a waiting period before the notary appointment / start of construction
Advantages of builder's legal protection insurance
- Financial protection: lawyers' and court fees are covered.
- Legal assistance: access to a network of experienced lawyers.
- Less stress: fewer worries about the financial and organisational aspects of a legal dispute, as you only pay the agreed deductible.
Conclusion
Builder's legal protection insurance gives builders important protection against unexpected legal conflicts during a construction project. Compare the offers of different insurers and take out the insurance in good time to be fully protected.
We will be happy to provide comprehensive advice and tailor-made solutions. Contact us today to protect your construction project in the best possible way!
Contact us today for tailored advice and an individual quote!