Advantage Home Construction Insurance (AHCI) has signed a deal to provide construction insurance for more than 2,500 apartments for the Elliot Group in the north of England
The construction insurance specialist was selected by the Liverpool-based property developer to source structural defects warranties for five stunning residential developments currently under construction in Liverpool, Manchester and Leeds.
The deal is the latest in a raft of new instructions for Warrington-based Advantage who are experiencing a rapid period of growth as they forge ahead in the construction insurance sector.
Advantage will be providing the Elliot Group with the 10-year insurance that protects homeowners and landlords against any structural defects on their new home.
Structural defects warranties will be provided for five of the developer’s flagship residential schemes in Liverpool including the 1,003 home Infinity mixed-use scheme with river and city views, and Aurora, a mixed-use, 1,149 unit student and residential development next door to the new Royal Liverpool Hospital site.
Elliot Lawless, Director of the Elliot Group, said: “We were impressed with Advantage from the outset. They responded quickly to our requirements, were able to provide warranties to cover the value of our multi-million pound schemes and were competitively priced.
“The Advantage team are great to deal with and we are pleased to be working with them on multiple developments throughout the region. Their speed of response and the fact that warranties provided are accepted by many of the biggest investors meant they were able to provide a warranty solution that suited all of our requirements.”
Advantage, whilst only four years old, is rapidly becoming a leader in its field. It is already opening doors to new markets, offering warranties on developments with a value of up to £100m, and has recently opened an office in the south-east following a period of growth.
David Sumner, Sales Director at Advantage, said: “Securing such a significant housebuilder like the Elliot Group, who are developing new homes in the biggest cities in the region, demonstrates our ability to source secure warranties quickly for large scale schemes unlike some of our competitors.
“We now have partnerships with all high street lenders which presents limitless opportunities, whilst our ability to work on schemes with values exceeding £50m allows us to work with an entirely new customer group.”
Headquartered in Warrington and with offices in London and Birmingham, Advantage works with self-builders, developers, contractors and housing associations as well as property sector intermediaries, including local authorities, solicitors, property advisors, architects, financial advisors, banks and administrators.
The firm offers bespoke home warranty solutions, the insurance new homes require to protect against structural defects, for all residential, commercial and mixed-use properties.