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Machinery Inherent
Defects Insurance

Elements of communal developments can sometimes carry additional risks to developers

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Machinery Inherent Defects Insurance

Machinery Inherent Defects Insurance

Elements of communal developments can sometimes carry additional risks to developers and these may not currently be covered under your Buildmark warranty and insurance product.

To help bridge this gap, NHBC, in conjunction with HSB Engineering Insurance a market leading underwriter of engineering risks, are able to introduce to you Machinery Inherent Defects Insurance. There are two versions of this product, one covering apartment developments and one covering district heating services. Both products are underwritten by HSB Engineering Insurance but complement our Buildmark product providing you with the means to manage these additional risks.

Benefits*

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    The removal of reliance on collateral warranties

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    Technical audits are undertaken during installation to reduce the risk of potential defects.**

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    Policies are fully transferable to future owners

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    The availability of funds for repairs following the discovery of a defect

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    No aggregate claims limit over the lifetime of the policy

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    Enhanced tenant confidence, making it easier to rent

* Exclusions and conditions may apply. Please refer to your policy wording for further information.

** Technical audits are provided and charged for separately to the insurance by HSB Engineering Insurance Services Limited.

HSB Engineering Insurance

Leading specialist

Leading specialist

Leading specialist provider of engineering insurance and inspection services in the UK.

Since 1866

Since 1866

UK-based arm of Hartford Steam Boiler, the equipment breakdown insurance and inspection market leader since 1866.

Financial Strength

Financial Strength

Rated A++ (superior) by
A.M Best Company

Machinery Inherent Defects Insurance (Apartments)

This insurance product covers actual or impending damage caused by an inherent defect to the mechanical and electrical services, which existed prior to practical completion of the building including:

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    Boilers, space heating, ventilation and air conditioning systems

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    Lifts and escalators

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    Building maintenance units

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    Electrical distribution systems

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    Equipment used for building security and environmental control

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    Electrical and mechanical parts of water pumping, pressurisation and distribution systems

The period of cover is 10 years. HSB will not pay for any damage caused by wear and tear, gradual deterioration, rust, or any fault known about at the start of the period of insurance. Additional cover is also available for the loss of rental income suffered as a result of a defect.

Machinery Inherent Defects Insurance (District Heating)

This insurance product covers actual or impending damage caused by an inherent defect to the district heating services, which existed prior to practical completion of the development including:

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    Gas fired or biomass boilers

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    Combined heat and power plants

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    Solar thermal installations

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    Ground and air source heat pumps

The period of cover is 5 years. HSB will not pay for any damage caused by wear and tear, gradual deterioration, rust, or any fault known about at the start of the period of insurance. Additional cover is also available for the loss of income suffered as a result of a defect.

Request a quote

Please note that your data will be passed to Arthur J. Gallagher (UK) Ltd and Wisemans Insurance Ltd. Your quotation will be administered and processed by Wisemans Insurance Services Limited, who will contact you directly to discuss the quote and your requirements. Please be assured this information will only be used for the purpose that it has been supplied.

NHBC Services Limited is an Introducer Appointed Representative of Arthur J. Gallagher (UK) Ltd, registered in England and Wales: 01193013, The Walbrook Building, 25 Walbrook, London, EC4N 8AW. Authorised and regulated by the Financial Conduct Authority.

Machinery Inherent Defects Insurance is underwritten by HSB Engineering Insurance Limited, registered in England and Wales: 02396114, New London House, 6 London Street, London EC3R 7LP. Registered as a branch in Ireland: 906020. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Machinery Inherent Defects technical audits are provided by HSB Engineering Insurance Services Limited, registered in England and Wales: 03010292, New London House, 6 London Street, London EC3R 7LP. Registered as a branch in Ireland: 906105.

Wisemans Insurance Services incorporating David G Rickard & Co is a trading name of Wisemans Insurance Services Ltd of 34 Church Road, Ashford, Middlesex, TW15 2UY who are authorised by the Financial Conduct Authority. Our firms Registration Number is 308959.

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