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SuperJohnG

Protek - No more policies available.

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Just called to finalise my structural warranty. ProTek are not offering any new Structural warranties at this moment until March. 

 

They have oversold this year and the underwrite hadn't notified them, so now they can't sell anymore.   It's a bit of a pain as Protek were 25% cheaper for me. 

 

Protek - £2931 (£903 premium / £1920 site audit fee plus IPT)

Closest competitor - £3950 (£1197 premium/ £2610 site audit fee plus IPT)

 

Now, interestingly the guy said I could wait and get it in March , however he couldn't guarantee it but I would pay a £25% premium for each stage missed in inspection, now lets' say 4 stages in total. Imagine I wait till it is built and then get it retrospectively - thats 100% increase in the premium. 

 

Premium is only £903 - so premium becomes £1806 - this seems a hell of a lot  better than £2931 

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The risk is they don't resume providing policies. Would the alternative £2931 also be increased by 100%  to  £5862?

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Posted (edited)
4 hours ago, Temp said:

The risk is they don't resume providing policies. Would the alternative £2931 also be increased by 100%  to  £5862?

They will resume (assuming they don't cease trading), but it means I can get it whenever I like but just pay a premium. 

 

I was more pointing to getting rid of the site audit fees - which are the main part of the cost. I'm in Scotland so LA does BC. 

 

Theoretically I can do this with any supplier and get a retrospective policy, but they don''t really advertise them like that.  

Edited by SuperJohnG

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On 05/01/2021 at 16:49, SuperJohnG said:

Just called to finalise my structural warranty. ProTek are not offering any new Structural warranties at this moment until March. 

 

They have oversold this year and the underwrite hadn't notified them, so now they can't sell anymore.   It's a bit of a pain as Protek were 25% cheaper for me. 

 

Protek - £2931 (£903 premium / £1920 site audit fee plus IPT)

Closest competitor - £3950 (£1197 premium/ £2610 site audit fee plus IPT)

 

Now, interestingly the guy said I could wait and get it in March , however he couldn't guarantee it but I would pay a £25% premium for each stage missed in inspection, now lets' say 4 stages in total. Imagine I wait till it is built and then get it retrospectively - thats 100% increase in the premium. 

 

Premium is only £903 - so premium becomes £1806 - this seems a hell of a lot  better than £2931 

I'm waiting on a quote back from them. Are you proceeding on a no site visits basis?

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9 minutes ago, eandg said:

I'm waiting on a quote back from them. Are you proceeding on a no site visits basis?

 

from Protek? i phoned them the other day and they said not to equire until mid april

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45 minutes ago, Moonshine said:

 

from Protek? i phoned them the other day and they said not to equire until mid april

I went through the online form. Will get a quote elsewhere (self build zone?) in the meantime if Protek won't provide. 

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Same for me, Protek wouldn’t even give me an indicative quote. They also explained the 25% premium uplift if I miss a stage but the audit fee would be reduced as a result of one less site inspection.

 @SuperJohnG unless we are missing something, I agree the total warranty cost goes down the more inspections you miss! 

Not sure I can take the chance of start building (early April) without warranty inspections but it is tempting to take one out later ...

 

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10 hours ago, Bonner said:

Same for me, Protek wouldn’t even give me an indicative quote. They also explained the 25% premium uplift if I miss a stage but the audit fee would be reduced as a result of one less site inspection.

 @SuperJohnG unless we are missing something, I agree the total warranty cost goes down the more inspections you miss! 

Not sure I can take the chance of start building (early April) without warranty inspections but it is tempting to take one out later ...

 

I've started foundations. I'm just going to get it in April when it is available. It'll be fine... 

  • Thanks 1

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12 hours ago, eandg said:

I'm waiting on a quote back from them. Are you proceeding on a no site visits basis?

You'll not get a call back quickly.  But yes I have proceeded with foundations, I got them a month or two ago and the boy said they would get oodles of policies in April and it'll be fine and he done a quick calc and if I miss the foundations stage I actually save 500 quid. It's completely ridiculous, no point in the surveyor's being involved. they just triple the fee. 

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9 hours ago, SuperJohnG said:

You'll not get a call back quickly.  But yes I have proceeded with foundations, I got them a month or two ago and the boy said they would get oodles of policies in April and it'll be fine and he done a quick calc and if I miss the foundations stage I actually save 500 quid. It's completely ridiculous, no point in the surveyor's being involved. they just triple the fee. 

Cheers - sounds the route to go. I'll get an alternative in the meantime and chase them up in April.

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I rang Protec this morning and they are not offering structural warranties until at least May 1st and they cannot guarantee they will resume on this date....

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Any recommendations for next best (that does Scotland)?

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I got a decent quote from Build-Zone but that was as a developer, not a self builder.

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23 hours ago, Mr Punter said:

I got a decent quote from Build-Zone but that was as a developer, not a self builder.

Thanks. One for this week's list. 

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Posted (edited)

I have a quote from Zurich insurance - just awaiting a call back before confirming. 

 

This appears to be passed onto a firm/subsidiary called SelfBuild Insurance

Edited by Happy Valley

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Does anyone if Protek will offer a Structural Warranty (when offering policies again) for ICF?

 

Or what do other ICF builders use for their Structural warranty?

Edited by Happy Valley

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