Building Future-Proof Homes Doesn't Have to be Risky Business
Posted by Premier Guarantee on 8th August 2022 -
As new standards for energy efficiency come into force and electric vehicle charging points become mandatory, the amount of mechanical and electrical installations in new homes is increasing.
Updates to building regulations covering fuel and power conservation, ventilation, overheating and EV chargers make new demands of builders and developers to create homes that take significant steps towards 2025’s Future Homes Standard and its ban on fossil fuel heating.
Premier Guarantee supports homebuilders who construct new homes and buildings that minimise carbon footprints and reduce energy needs, in turn making them more affordable for residents and users to run.
Innovation can be risky. That is why our structural warranty policies include additional cover as standard for a vast range of mechanical and electrical services.
What is Machinery Inherent Defects Insurance?
Modern homes are becoming increasingly complex with up to an estimated 20% of construction costs relating to the mechanical and electrical services that support them. For some commercial buildings this increases to as much as 40%.
These services can suffer defects caused by poor design, materials or workmanship. These risks are currently exaggerated by the rapid rate of technology development and a constrained supply of both materials and trained installers.
Premier Guarantee customers can cover defect risks relating to mechanical and electrical services through our Machinery Inherent Defects Insurance (MIDI).
How does it work?
MIDI cover is provided with our structural warranty policies as follows:
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