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Latent Defects Insurance protects the purchaser for a period of 10 years* against structural defects in the build. Possible defects that may arise include subsidence, shrinkage, water ingress or structural instability. 10 Year Structural Defect Insurance is a specialist insurance product providing cover for various new and completed property builds that are less than 10 years old.

This essential form of cover is required by mortgage lenders before they release funds to property purchasers. Structural Defect Insurance is also known as Structural Latent Defect Insurance and covers projects including New Build, Self Build, Conversions and Social Housing Projects. It covers the structural envelope of the property (the foundations, walls, roofing, floors etc.) and non-load-bearing elements.

The policyholder is responsible for the fixtures and fittings. Structural defects insurance is insurance designed to protect against latent defects in newly built or converted/refurbished, residential developments.
Services
With our team combining over 50 years' experience within the Construction and Insurance Industries, we bring to the market a wealth of knowledge and understanding of 10 Year Structural Insurance.
Because our dedicated team have such a good understanding, we make purchasing insurance for your developments as painless as possible.
Our policies are very competitive in the way they are worked out, therefore you may find we can offer you the lowest price available in today's current markets.
RoyleMac 10 Limited (Registered Company No. 8915875) is an Appointed Representative of ES Risks Limited (FRN: 565023) who are authorised and regulated by the Financial Conduct Authority.
Who is it for?
Latent Defects Insurance (IDI), also known as Building Defects Insurance, Warranty Insurance or Structural Warranty Insurance.
Any property including new build, self build, conversion, apartment, bungalow, barn conversion or major refurbishment.
Without a 10 Year warranty you will not be able to sell a property, and a mortgage cannot be raised against a property unless there is one in place.
We understand that value for money is priority therefore our price is based on build cost, not sale price.
A Bond gives peace of mind against the possibility of a Contractor failing to carry out all their responsibilities under a contract.
Should the Contractor be in breech of contract the Insurer will compensate the Beneficiary as stated in their contract.
An Advance Payment Bond is a guarantee, arranged by the party receiving an advance payment, to the party advancing the payment.
A Performance Bond is a guarantee, usually with a value of 10% of the initial contract price, however in some cases this can vary to include land values.
The majority off lenders now require a structural warranty for the purchase of any property which is less than 10 years old.
Roylemac10 can arrange retrospective cover through our A Rated insurance partners.
Roylemac10 retrospective policy will provide you the cover you need to satisfy the lender's requirements.
You will not be able to sell your property if it is less than 10 year old should it not have a structural warranty in place.
We can arrange retrospective cover.
Retrospective defects insurance policies allows you sell your property in the most efficient way possible.
Insolvency protection is designed to provide the client/end user against the possibility of the developer becoming insolvent.
While some builders and developers do their upmost to avoid financial difficulties unfortunately the nature of the market this sometimes cannot be avoided.
RoyleMac 10 Limited (Registered Company No. 8915875) is an Appointed Representative of ES Risks Limited (FRN: 565023) who are authorised and regulated by the Financial Conduct Authority.
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