Did you know that anyone starting a build housing must under the Housing Transaction Act have an insolvency guarantee? Pohjola Latent Defects Insurance fulfils the Housing Transaction Act's requirements and covers you in case of insolvency.
Latent Defects Insurance
- is required from the builder or construction company that is a housing company's founding shareholder.
- comes into force once you have paid the insurance premium.
- compensates to the housing company and buyers any latent defects caused by your insolvency.
We recommend that you make an invitation to tender as soon as your company has received a building permit and decided to begin the construction project. Once you have sent us the necessary details, we will send you an offer within five business days.