1. Protection Against Defects Even the most meticulously planned construction projects can encounter issues. Whether it’s a flaw in the foundation, faulty materials, or construction errors, defects can sometimes only become apparent after you’ve moved in. A structural warranty covers these defects, ensuring repairs or rebuilds can take place without you having to foot the bill.

2. Ensuring Compliance In the UK, many mortgage lenders and financial institutions require new build properties to have a valid structural warranty before they will provide a loan. Without this, securing a mortgage could be next to impossible. Additionally, when selling your property, having a structural warranty makes your home much more attractive to buyers as it reassures them the property is safe and structurally sound.

3. Safeguarding Against Contractor Issues Builders and contractors can sometimes go out of business or fail to complete a project due to unforeseen circumstances. In such cases, you could be left with an unfinished property and no legal recourse to recover costs. New build insurance protects you from financial losses should your contractor default, ensuring that your project continues without significant setbacks.

4. Peace of Mind Building a house can be a stressful process, with multiple moving parts and potential risks at every corner. Knowing that you have new build insurance in place allows you to focus on the exciting aspects of your project without worrying about the financial implications of construction issues. It provides confidence that no matter what happens, your investment is protected.