Alpha Insurance 10 Year Warranty
For a block of flats or developments whereby the whole block or development.
Alpha insurance 10 year warranty. As a result the cover provided is no longer valid as no policy now exists. Structural warranty insurance is a policy that protects against defects in new buildings for a period of usually 10 or 12 years after completion. Are you one of the 25 000 homeowners or developers affected by the bankruptcy of alpha insurance a s and have a crl home warranty policy. Alpha who supplies the insurance new homes require to protect against structural defects was declared insolvent in denmark last week.
Whilst policies are usually purchased by developers before construction begins it s actually there to protect the homeowner from structural damage that may occur within the 10 or 12 year period after it has been completed. If you have a crl warranty backed by alpha insurance a s then you find yourself in a position where no insurance cover is in force and where potential sales purchases. A structural warranty will generally last 10 years after completion of your build and is there to help you solve any structural issues with your new home. Fscs will compensate alpha insurance latent defect premium insurance policyholders.
The website is intended for use people at least 18 years of age. Please note that we can only consider enquiries which meet the following criteria. Over the past year and a half we. The warranties of some alpha boilers can be extended by adding a premier pack to your purchase.
Alpha warranties begin on the day of installation and the length depends on the model you purchase. This is commonly seen in re sale or re mortgage of homes which have been built and completed within the ten year period. They had most of their policies underwritten by alpha insurance. Many new homeowners who require the 10 year structural defects insurance will still be unaware that they have been left without cover.
The most common warranty provider affected by this in northern ireland is crl. This is through no fault of the unfortunate homeowner but could still result in them unwittingly breaching their mortgage lending conditions. Although this is not a warranty that we have ever used we will be able to assist those affected by it. If so we can help you with a replacement new home warranty underwritten by aa rated insurers.
This follows the collapse of the deal arranged by bcr legal group ltd to provide replacement cover for alpha s 10 year latent defect structural damage insurance policies due to a number of last minute issues. For example alpha restricts access to the information to our employees agents and contractors who need to know such information to provide products or services to you. Replacement warranty insurance for alpha policy holders home. As a result policyholders cannot be expected to wait any longer and fscs is to pay premium refund.
Alpha does not process or respond to do not track signals or other similar mechanisms. We blogged on the 11 may about the demise of alpha insurance a s an insurer that has backed the crl residential warranty. We appreciate that this an awful situation for any homeowner finding that the 10 year structural guarantee that came with the property has simply ceased.
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