Latent Defects

Latent Defects Insurance is also known as Inherent Defects, Structural Defect, Building Guarantee or Decennial insurance for commercial property.

• Latent Defects insurance is a long-term insurance covering new buildings against damage or the imminent threat of damage caused by defective design, workmanship and materials in the structure of the building.
• Insurance cover is also available for loss of rent or revenue lost as a result of damage caused by a latent defect.
• It is typically purchased by building owners, developers and leaseholders and can normally be insured for periods up to 12 years. 
• A building owner or developer may be required to purchase Latent Defects insurance by its lenders or even by a long-term leaseholder.
• Latent Defects insurance provides long-term protection on a first party basis.

If you need to discuss your Latent Defect insurance requirements then please email enquiries@rmci.co.uk or contact us on 0870 7574 870.