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BuildSafe has helped a number of developers, contractors and property owners source alternative cover for their CRL warranty in order to help them refinance or sell their property.
To meet lenders’ requirements and reduce any further risk, please contact a member of the Buildsafe team. We have arrangements in place to provide prompt and secure replacement policies at some of the lowest premiums available.
However, it’s important to bear in mind that the best rate applied to insure a completed project is still higher than a pre-construction project.
The CRL/Alpha situation truly magnifies the need for developers and investors to seek independent and connected advice from reputable partners. We understand that developers have direct relationships with insurers. Where you maintain those lines of communication, you should always verify that your insurer:
Our extensive panel of insurers are all underwritten by UK based, A-rated carriers and are fully compliant with the Council of Mortgage Lenders. We have guided a vast majority of Alpha policyholders on the steps they needed to take and also helped them secure alternative, competitive cover.
If you’ve been affected by the CRL/Alpha situation or have an upcoming project and would like some advice on how best to manage your insurance risk, do give us a call on 0203 701 0422 or fill in our enquiry form online. A member of our team will be happy to talk you through some options.
Build Safe is a trading name of London Belgravia Brokers Ltd, Registration Number: 9069586 . Trading address is 60 Margaret Street, London, W1W 8TF. London Belgravia Brokers Ltd is an appointed representative of Ten Insurance Services Ltd, which is authorised and regulated by the Financial Conduct Authority.
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