Products: Builders to benefit from latent defects product

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The product, Build Assure New Home Policy, offers up to £10m contract value per property protection and is not targeted solely at larger developments.

It is available to all FMB members and general developers, and can be purchased in relation to single properties, making it ideally suited to the high net worth sector.

The product provides market-standard cover to policyholders, with the additional benefit of a 12-month liability period in relation to structural defects. It meets the cost of

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