Eximia Broking
Latent Defects Cover
Experts in Latent Defects Cover Since 1953
At Eximia, our expert brokers can arrange latent defects insurance that covers the repair costs on residential, commercial and mixed-use developments. With more than 70 years of industry experience, we know how to protect you and your business.
What Does Latent Defects Insurance Cover?
Latent defects cover (also known as latent defects insurance) provides indemnity against the costs incurred in rectifying defects that manifest within the structure of a property after practical completion.
Here in the UK, latent defects cover is a requirement of UK Finance for all new build residential open market sales. However, it can also be purchased for commercial and mixed-use developments.
Often, defects in workmanship, materials or design only become apparent after the completion date. On occasion, it may even take years for the defects to become apparent.
As they appear after completion and are normally within the home’s structure, the defects can be incredibly expensive to rectify. Thankfully, latent defects insurance covers the cost of repairs or rebuilding in these scenarios.
Latent Defects Cover that Protects Your Business
At Eximia, we’re big enough to compete and agile enough to care. We have more than 70 years’ experience in the industry and understand just how disruptive and costly fixing defects can be; particularly if the defect has been caused by no fault of your own.
Thankfully, we can find latent defects cover that mitigates risk for both your business and the new homeowner. So, why not put your business in our hands? After all, we have been helping businesses find bespoke insurance solutions since 1953.