for details. During the first two years from the date of completion or the date specified in the Certificate of Insurance the Developer is responsible for remedying Defects in the Housing Unit. Should the Developer unjustifiably refuse to remedy the Defect after the Conciliation Service has been used and/or following receipt of a legally binding decision and/or fails to do so because of insolvency then the Underwriter will meet valid claims under the Policy. See Sections 3.2 and 8 for details. • The Housing Unit may be insured for a period of 8 years from expiry of the Defects Insurance Period against: • the risk of Major ▇▇▇▇▇▇ and a danger to health and safety caused by a Defect in chimneys or flues. See Section 3.3 for details. • the cost of any repair, replacement or rectification cost as a result of a present or imminent danger to the physical health and safety of the occupants of the Housing Unit because the Housing at the time of construction, conversion, refurbishment or renovation works carried out under the Building Contract.
Appears in 1 contract
Sources: New Homes Policy
for details. ▪ During the first two years from the date of completion or the date specified in the Certificate of Insurance the Developer is responsible for remedying Defects in the Housing Unit. Should the Developer unjustifiably refuse to remedy the Defect after the Conciliation Service has been used and/or following receipt of a legally binding decision and/or fails to do so because of insolvency then the Underwriter will meet valid claims under the Policy. See Sections 3.2 and 8 for details. • ▪ The Housing Unit may be insured for a period of 8 years from expiry of the Defects Insurance Period against: • - the risk of Major ▇▇▇▇▇▇ Damage and a danger to health and safety caused by a Defect defect in chimneys or flues. See Section 3.3 for details. • - the cost of any repair, replacement or rectification cost as a result of a present or imminent danger to the physical health and safety of the occupants of the Housing Unit because the Housing Unit does not comply with Building Regulations that applied to the work at the time of construction, conversion, refurbishment or renovation works carried out under the Building Contract.the
Appears in 1 contract
Sources: Insurance Policy
for details. During the first two years from the date of completion or the date specified in the Certificate of Insurance the Developer is responsible for remedying Defects in the Housing Unit. Should the Developer unjustifiably refuse to remedy the Defect after the Conciliation Service has been used and/or following receipt of a legally binding decision and/or fails to do so because of insolvency then the Underwriter will meet valid claims under the Policy. See Sections 3.2 and 8 for details. • The Housing Unit may be insured for a period of 8 years from expiry of the Defects Insurance Period against: • the risk of Major ▇▇▇▇▇▇ and a danger to health and safety caused by a Defect in chimneys or flues. See Section 3.3 for details. • the cost of any repair, replacement or rectification cost as a result of a present or imminent danger to the physical health and safety of the occupants of the Housing Unit because the Housing Unit does not comply with Building Regulations that applied to the work at the time of construction, conversion, refurbishment or renovation works carried out under the Building Contract. See Section 3.5 for details.
Appears in 1 contract
Sources: Insurance Policy