6
Application Form LABC-002PRS-4.00-010720
© LABC Warranty 2020
5. 1 Private Rental
For Owners of private residential developments being built or converted for the
sole purpose of investment in private rental sector
Private Rental Insured Party Name Contact name
Address Postcode
Telephone
Email address
Do you have a rental portfolio Yes No
If Yes, please provide details including the number of units and sites and the value of the portfolio -
Period of cover required 10 years 12 years
Total estimated reconstruction cost of units
5.1.1 Additional cover options available (please tick options required)
Yes No
Loss of Rent
Alternative Accommodation
Insolvency of Builder during construction
If Insolvency cover is required, please provide contract cost £
6. Builder Registration
Denition: A Builder is a company which constructs properties on behalf of a Developer
or Client.
Builder Company Name
Is the Builder currently registered with LABC Warranty
Yes No
If Yes, please insert their LABC Warranty registration number and please proceed to Section 6
If No or if you do not know their registration number, please complete the remainder
of Section 5 in full
Examples include student
accommodation, retirement
/ care home developments,
units retained as part of an
on-going investment portfolio.
The scheme is not designed
for Developers building with
the intention to sell, but who
may rent properties for a
period initially.
Only complete the contact
details if the details are
dierent from the main
contact.
Denition: The Insured Party
should be the owner of the
Private Rental development
i.e. the party which will receive
the rental income.
If you do not have a rental
portfolio it is unlikely that we
are able to provide cover.
Please note that these
additional extensions to the
standard cover provided are
available subject to meeting
scheme criteria and will incur
additional fees.
Without the contract cost
being provided we will be
unable to provide a quotation
for Insolvency cover.
For this Section and where
applicable the terms ‘you’ or
‘your’ denote the Builder.
Complete this Section if the
Builder being used is NOT
already registered with LABC
Warranty AND they are
constructing property under
any warranty scheme on
behalf of a client.
Denition: A Builder is a
company which constructs
properties on behalf of a
Developer or Client.