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Buildmark Connect is specifically designed for mixed use developments in the affordable housing sector. In conjunction with Buildmark Choice, it further helps to mitigate the development risk and the exposure to long term maintenance costs by ensuring that all elements of a mixed use scheme are covered against defects and damage.
By providing cover for premises owners, it makes the commercial elements of a mixed development more marketable.
Buildmark Connect will cover the owner of non-residential premises for 10 years. It provides:
Buildmark Connect does not cover general wear and tear, condensation, normal shrinkage, cosmetic damage or damage arising from failure to maintain the property or resulting from alterations to the premises.
Full details of what is covered are in the Buildmark Connect policy document.
Buildmark Connect is available for the commercial or industrial premises that are part of a mixed use development. For example, a development comprising residential flats plus retail outlets, surgeries or workshops.
Cover starts on the date of the Buildmark Connect insurance certificate - usually the date of legal completion or the date that we agree that the premises substantially comply with NHBC Standards.
Buildmark Connect cover then ends 10 years after the date on the Buildmark Connect insurance certificate.
As and when the premises are sold or the lease assigned, the balance of cover will automatically transfer to the new owner/lessee.
N.B. Lessees are covered by the policy if their lease makes them legally responsible for the work covered by the policy.
0344 633 1000
Open: Mon - Fri 08:30 – 17:30
For Buildmark Connect guide prices email us
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