"Quality is never an accident. It is always the result of high intention, sincere effort, intelligent direction and skillful execution"
John Ruskin. 1819-1900 (Victorian Art Critic, Draughtsman, Social Thinker & Philanthropist)
The main aim of Q's approach is to improve the quality of construction in the UK and we achieve this by collaborating with Developers & Builders who really commit to building quality properties.
More than 10 million people – around a sixth of the UK population – are living in privately rented accommodation and it is considered that this is due to a number of factors: a mix of the unaffordability or ineligibility of mortgages, scrapping of rent controls, the proliferation of buy-to-let mortgages and rising house prices in relation to earnings.
At Q we understand that Developers and Investors need to build or convert properties to serve a range of housing needs, including private rental properties, student accommodation and permitted development schemes. And above all, these schemes must provide quality properties of the highest standards to meet the needs of the many stakeholders involved in these projects, from shareholders and institutional investors to tenants, management companies and private landlords.
That is why Q offers an exclusive Structural Defects Insurance to the Private Rental Sector – offering lifetime cover if you want it.
It is a highly risk-managed, quality focussed, flexible insurance, designed to meet the needs of most projects and developed with all of the constraints of construction projects in mind, ensuring that we can offer you a whole lot more than just insurance cover if you need it.
Essentially, if your new-build properties comes with The Q Policy, it means they are quality properties which have been built under the supervision of our "right-first-time" surveying team and underwritten by Lloyd’s of London, one of the oldest and most prestigious expert underwriters in the world.
The Q Policy for Private Rental Sector Properties has been specifically designed for Developers & Institutional Investors which are building, purchasing or commissioning new-build, refurbished and converted properties for private rental in the UK.
It is an innovative approach to Structural Insurance and provides you with a real alternative to the traditional warranty for your construction projects, providing insurance cover for as long as it is needed, designed specifically for owners of properties which are rented by third parties. And our policy is flexible enough that if you subsequently want to change the layout or make further adaptations to the premises, we give you the option to do this and maintain cover for the whole property.
Minimum of 8 inspections per plot - Q commits to having the most regular and best risk management approach in the UK
Insurance Product offering Lifetime Property Cover
Policy underwritten by certain underwriters at Lloyd’s of London - the world’s specialist insurance market
Policies can be provided on a unique lifecycle costing basis
Insolvency Cover for Defects Liability Period included as standard - mirrors the contractual Defects Liability Period
Single point of recovery for Claims - no-fault redress dealing with Q direct from Day One of cover
Statutory Notice Indemnity included in cover - sometimes known as Contaminated Land cover
Clerk of Works & Snagging Service available
Cover can be included for loss of rent
Structural extensions & modifications can be included in cover
Clear, concise & unambiguous cover
Feedback, assistance, guidance & training - available for you and your contractors
Structured Dispute Resolution Service available
Our policies have A-rating backing, underwritten by certain underwriters at Lloyd's! Find out more here.
We guarantee a minimum of 8 surveys per plot, offering greater site presence from knowledgeable surveyors.
No need for costly collateral warranties - our insurance product provides no-fault redress for Policyholders.
Our lifecycle costing approach reduces up-front development costs with no need for monies in Escrow.
From Day One, policyholders deal with Q direct if you have any problems and we manage the process for you.
You have ultimate control over your policy cover and can extend it to include structural extensions & amendments.
In an increasingly environmentally conscious world, we actively encourage innovation & eco-friendly building methods.
Lifetime cover available for your properties - it's the ultimate commitment to quality!
1. World-Class Underwriter:
2. Better Quality Control:
3. Reduced Costs:
4. Better Cashflow:
5. Single Point of Contact:
6. Flexibility of Cover:
7. Modern Methods:
8. Unique Flexibility: