Consumption and Real Estate
I am buying a house. Please can someone explain what indemnity insurance for lack of building regulations is?
Question : I am buying a house. Please can someone explain what indemnity insurance for lack of building regulations is?
It relates to a small extention on the prospective house that was built 10 years ago and seems not to have evidence that it complies with building regulations. What does the insurance provide for my vendor and ultimatly for us.
house building insurance
Best answer:
Answer by K38
We had this problem recently. As far as I understand it covers you (the new purchaser of the property) for any expense if the extension should have to be removed, and the property reverted to it’s original state. If it was altered 10 years ago, you’ve not got a huge problem. It’ll only be if someone complains that the building doesn’t comply.
Your solicitor should be able to advise you better.
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#2 written by designingandrew 1 year ago
Basically, the insurance is there to cover any possible problems that may arise as a result of the fact that the building does not comply with Building Regs. But, more to the point, you need to find out exactly what does not comply. If it is a case of the extract fans do not work at the rate they are meant to, then don’t worry, but if there is a problem with the structural compliance…..
I would suggest, firstly find out what doesn’t comply, and then get an estimate to bring the extension up to code. An Architect could do you the permissions and forms, and a builder could do the work, but why did the previous owner not just get the work done properly. And do they have planning permission? Building regs is one thing, but planning can serve an enforcement notice, and that can ultimately lead to you having the building taken down. Seek professional advice……and quickly. -
#3 written by Kitty 1 year ago
The insurance will cover any part of the extension that fails due to non compliance with the regulations.
It could be possible to have the extension inspected by a building control officer, surveyor or architectural technician, and having a retrospective application for approval done.
Although this would entail some opening up of the works, and possible upgrading to meet with the requirements, a certificate would be issued and therefore the indemnity insurance would not be required.
If you contact a professional body, they will be able to advise in more detail.
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Hire a Certified Home Inspector to inspect the house before you buy. Should cost around $ 300, depending on area you live in. The home inspector should be up on the local codes and will let you know of any other hidden problems that may not be obvious to the buyer or seller. This could be money well invested, especially if the seller has indemnity insurance.