Building Regulations Indemnity Insurance
Building regulations indemnity insurance is a type of insurance designed to protect home owners, developers and contractors should any legal issues arise as a result of previously completed building works. It is also referred to as a ‘building regulations compliance insurance policy’ or ‘builder’s indemnity insurance’.
Building regulations are a set of legal standards that must be met when constructing a building. They are generally enforced by the local authority, who have the power to prosecute any works that do not comply with them. It is important for any building works to adhere to building regulations in order to meet the basic safety requirements for a residential property.
Building regulations indemnity insurance is designed to protect property owners and builders should any legal issues arise as a result of a previously completed building project. This type of insurance covers the cost of any legal action that may be taken against the owner or builder if the building works have been found to be in breach of building regulations. It also covers any costs associated with the rectification of any problems found to be in breach of regulations.
This type of insurance is particularly important for older properties, as it is possible that building regulations may have changed since the works were completed. If a property owner discovers that the works are not compliant with the current regulations, they may face legal action or hefty fines. Building regulations indemnity insurance can provide peace of mind against any potential issues.
It is important to understand that building regulations indemnity insurance is not a substitute for making sure that building works are compliant with the regulations. It is advised that any building works are carried out by a professional who is registered with the local authority and that all works are inspected at the time of completion. Building regulations indemnity insurance is intended to provide cover for any legal issues that may arise in the event that the regulations have not been met.
When taking out building regulations indemnity insurance, it is important to make sure that the policy covers the type of work being carried out and the area in which the property is located. Different policies will have different levels of cover and it is important to choose one that is appropriate to the works being carried out and the area in which the property is located.
It is also important to be aware of any exclusions in the policy. These can include any works that are not in compliance with building regulations, any works carried out by an unregistered builder or any works carried out without the appropriate permits or inspections. It is important to read the policy carefully to ensure that it provides the necessary cover.
For those undertaking building works, it is important to ensure that all regulations are met and that the appropriate inspections are carried out. If a property owner is unsure whether certain works are compliant with the regulations, it is advised that they seek professional advice. Building regulations indemnity insurance can provide peace of mind should any legal issues arise, but it is important to ensure that all works are carried out in accordance with the regulations.
Building regulations indemnity insurance is an important type of insurance for property owners and builders. It can provide peace of mind should any legal issues arise as a result of building works that have been found to be in breach of regulations. It is important to make sure that the policy chosen is appropriate for the type of works being carried out and the area in which the property is located, and that any exclusions are taken into account.