ONE G u a r a n t e e About One Guarantee
Contents Why One Guarantee? As Simple as 123 Our Warranties Why is a One Guarantee Warranty Needed? Getting a Quote Contact us 1 2 3 4 5 6
Why One Guarantee? Ÿ We are an exciting new entrant to the structural warranty market; however our team will assist you with over 20 years' experience in this industry Ÿ We have the backing of AA-rated insurers (Standard & Poor's) Ÿ Our range of warranties are offered for 12 years as standard*, providing you with peace of mind for longer Ÿ We offer a 'Quick Quote' facility aiming to give you an indicative price within 24 hours Ÿ We will never charge registration or membership fees and there are no other hidden costs Ÿ Flexible premium rates are available across a number of instalments, subject to approval. Ÿ Machinery Inherent Defects cover is also available, insuring against mechanical and electrical faults of machinery installed as part of the project Ÿ We offer a range of legal indemnity products designed to complement our warranties which can also be taken out in isolation *Excluding our completed housing warranties which are offered for up to 10 years 1
As Simple as 1 2 3 Here at One Guarantee, we believe that buying a warranty should be as simple as One Two Three, and so that's what we've done; created three simple steps; 1 Quote - We offer both a Quick Quote indication or an online Proposal Form for an accurate quote 2 Register - We will never charge you registration or membership fees and there are no hidden costs 3 Purchase - Premium installments available at 2.4% (APR variable) subject to approval It really is that straightforward! It's not just purchasing a warranty that we've made easier, our surveying process has been designed to minimise any disruption to your development. We work with sophisticated technology and inspection mechanisms undertaken only by RICS quali ed surveyors throughout the UK. Our bright, energetic team are passionate about what they do. This passion is re ected in our service; we like to think that we've added a bit of colour to building warranties. 2
Our Warranties One Guarantee's comprehensive structural warranty schemes protect companies from inherent defects that take place within the structure of a building. These defects may occur within the rst 12 years of a buildings completion. One Guarantee has carefully devised 7 independent warranty schemes designed to address these defects. More information about our schemes can be found on our website at www.oneguarantee.co.uk/schemes or by contacting our team on 01603 218288. New Home Warranties: One Guarantee's New Homes Scheme is aimed speci cally at Housebuilders and Developers, providing your client with a 12-year insurance warranty as standard. Our New Home Warranties will protect future buyers of newly built homes from inherent structural defects. Completed Home Warranties: Owners of newly constructed, extended or refurbished houses do not always receive long-term security against the risks of latent defects. One Guarantee has formulated an extensive Completed Housing Warranty to address this. Commercial Warranties: One Guarantee's Commercial Warranty initiative works in partnership with commercial builders and developers who are involved with non-residential construction projects. Our commercial warranties cover non-residential buildings such as schools, care homes, industrial units, of ces, hotels and sports facilities. Mechanical & Electrical cover is also available for commercial developments. Self-Build Warranties: One Guarantee's Self-Build warranties offer far more comprehensive cover than Professional Constants Certi cates only providing cover for a maximum period of 6 years as opposed to the 12-year security offered by One Guarantee. Self-Build warranties are favoured by the majority of lenders because unlike Architects Certi cates our warranty products do not require proof of negligence to be established. Conversion Warranties: One Guarantee can provide warranties for conversion and renovation projects such as transforming commercial of ces into residential apartments. This cover will work alongside One Guarantee's comprehensive New Home Warranties meaning that cover can be provided for the full 12 years. Social Housing Warranties: One Guarantee's Social Housing Warranties are tailored speci cally for registered Social Landlords, Housing Associations and builders that are working on social developments either for part ownership or rental purposes. Mixed Development Warranties: One Guarantee's Mixed Development Warranties offer in-depth cover for developers looking to construct a variety of buildings for both residential and non-residential use. Our hybrid scheme caters for this increasingly popular sector of the market, combining the best elements of cover from our New Homes, Social Housing and Commercial schemes. 3
Schemes Overview Financial Limits Excess (start From) Cover Includes Cover Period New Home Any Continuous Structure 25,000,000 Any one Development 50,000,000 Building Control 1,000,000 500 All section 1,000 Common Areas Developer Insolvency, Defects Cover, Structural Indemnity, Contaminated Land, Building Control, Alternative Accommodation, Additional Costs, Defects Insurance Period 2 years Structural Insurance Period 3-12 years Completed Home Any Continuous Structure 25,000,000 500 All section 1,000 Common Areas Structural Indemnity, Contaminated Land, Alternative Accommodation, Additional Costs, 10 Years from actual completion / building sign off date Commercial Single Unit New Development 10,000,000 Any Continuous Structure 25,000,000 1,000 Structural Indemnity, Contaminated Land, Additional Costs, Defects Insurance Period 0 years Structural Insurance Period 12 years Self-build Any Continuous Structure 9,000,000 Building Control 1,000,000 500 All section 1,000 Common Areas Developer Insolvency, Defects Cover, Structural Indemnity, Contaminated land Building Control, Alternative Accommodation, Additional Costs Defects Insurance not usually offered but will be considered on a case by case basis. If offered- 2 Years. Structural Insurance Period 3-12 years
Schemes Overview Financial Limits Excess (start From) Cover Includes Cover Period Conversions Any Continuous Structure 9,000,000 Building Control 1,000,000 500 All section 1,000 Common Areas Developer Insolvency, Defects Cover, Structural Indemnity, Contaminated Land, Building Control, Alternative Accommodation, Additional Costs, Defects Insurance Period 2 years Structural Insurance Period 3-12 years Social Housing Any Continuous Structure 25,000,000 Building Control 1,000,00 500 All section 1,000 Common Areas Developer Insolvency, Defects Cover, Structural Indemnity, Contaminated Land, Building Control, Alternative Accommodation, Additional Costs, Defects Insurance Period 2 years Structural Insurance Period 3-12 years Mixed Developments Any Continuous Structure 25,000,000 Any one Development 50,000,000 Building Control 1,000,000 1,000 Developer Insolvency, Defects Cover, Structural Indemnity, Contaminated Land, Building Control, Alternative Accommodation, Additional Costs, Defects Insurance Period 2 years Structural Insurance Period 3-12 years
Why is a One Guarantee Warranty Needed? One Guarantee's comprehensive structural warranty schemes protect companies from inherent defects that take place within the structure of a building. One Guarantee has carefully devised 7 independent warranty schemes designed to address these defects. Why not a Collateral Warranty? Ÿ Collateral Warranties require proof of negligence of the liable third party this can be a costly and lengthy process. With a structural warranty no such requirements are necessary, if the defect is covered, the policy will respond Ÿ Collateral Warranties require Professional Indemnity insurance to be in place and remain so for the period of the warranty. If the developer/ contractor becomes insolvent during this time, Professional Indemnity cover ceases. Such insolvency matters are not an issue with a Structural Warranty Ÿ Structural warranties are fully assignable for an unlimited number of times throughout the lifetime of the warranty 4
Getting a Quote How can I apply for a quote? Obtaining a quotation from One Guarantee is refreshingly straightforward. You can either complete our Quick Quote form for an indication of your premium, or you can ll out and return the One Guarantee proposal form for a more detailed quote. Both can be found on our website at www.oneguarantee.co.uk/quote or by contacting our team on 01603 218288. What will my quote be based upon? One Guarantee will base your quotation on 3 main criteria: 1. The size and complexity of your development 2. Your credit rating and nancial security 3. Your Developer Rating How do I accept my quotation? Once you have reviewed and are happy with your quotation, please ll out and return the acceptance form located at the end of your quotation. Upon your instructions to incept cover, we will send you over your policy wording and policy schedule, detailing the cover purchased. We will also attach you invoice including details of your payment plan. 5
Contact us You can contact One Guarantee using any of the methods below. Please note our of ce hours are Monday to Friday, 9am to 5pm. If you would like to speak to a member of our team outside of of ce hours, please call 07585 779329. One Guarantee, Lakeside 300, Old Chapel Way, Broadland Business Park, Norwich NR7 0WG 01603 218288 and ask for either Henry or Stuart hello@oneguarantee.co.uk www.oneguarantee.co.uk 6
One Guarantee is a trading style of One Broker (Norwich) Ltd who are authorised and regulated by the Financial Conduct Authority. Registered in England and Wales No. 07131737. Lakeside 300, Old Chapel way, Broadland Business Park, Norwich NR7 0WG