Between Year 3 and Year 10
(source www.nhbc.co.uk)
Period of cover:
This starts 2 years after the date shown on the Insurance Certificate and ends 10 years after the date shown on the insurance Certificate.
Financial limits:
The most we will pay for all claims relating to your Home under Sections 2 and 3 together is the Original Purchase Price as shown on the Insurance Certificate up to a maximum of:
- £1 million, for a newly built Home, provided that NHBC's total aggregate liability under all
NHBC policies issued in respect of a continuous newly built structure will not exceed
£25 million. - £500,000, for a converted Home, provided that NHBC's total aggregate liability under all
NHBC policies issued in respect of a continuous converted structure will not exceed
£5 million.
The financial limit will be increased each year in line with the Royal Institution of Chartered Surveyors' House Re-Building Cost index or, if less, by 10% compound per year, if we accept a claim, the cost of the claim will be deducted from the financial limit. The Balance will then continue to be increased as above.
The most we will pay for alternative accommodation, removals and storage is 10% of the financial limit at the time of the claim.
What the NHBC will pay for:
A The full Cost, if it is than £1000 indexed, of putting right any actual physical Damage caused by a Defect in any of the following parts of the house, bungalow, maisonette or flat and its garage or other permanent outbuilding, or its Common Parts:
- Foundations
- Load-bearing walls
- Non road-bearing partition walls
- Wet-applied wall plaster
- External render and external vertical
tile hanging - Load-bearing parts of the roof
- Roof coverings
- Ceilings
- Load-bearing parts of the floors
- Staircases and internal floor decking and screeds where these fail to support normal loads
- Retaining walls necessary for the structural stability of the house, flat or maisonette, its garage or other permanent outbuilding
- Double- or triple-glazing panes to external windows and doors
- Below -ground drainage for which you are responsible.
The Cost of putting right any Defect in a flue or chimney which causes a present or imminent danger to the physical health and safety of anyone normally living in the Home, Any reasonable costs you incur by prior agreement with us for removal, storage and appropriate alternative accommodation if anyone normally living in the Home has to move out so that work can be done.
What NHBC Will Not Pay For:
Any claim under A where the cost of repair is £1000 or less, indexed for each and every item.Anything which was or could have been reported to the builder under Section 2.
Claims relating to:
- Shrinkage thermal movement or movement between different types of materials
- Cosmetic damage such as minor cracking, spalling or mortar erosion to brickwork, which does not impair the structural stability or weather tightness of the home or which only affects decorations
- Existing double or triple glazing panes in converted properties unless they were newly installed at the time of conversion
- Ceilings which are not in an enclosed part of the home e.g. balcony ceilings
- Water entry dampness or condensation to underground garages where the structural integrity of the garage is not affected.
- Sound transmission of any type.
- Any change in the colour or texture of or any staining to any external finish.
- Replacement of any solar roof tiles or panels solely due to failure to generate heat or electricity.
Anything listed in the General Exclusions on page.
source: www.nhbc.co.uk