THOUSANDS of new homeowners have been left without vital structural defects insurance after insurance carrier Alpha goes bust.
Many homeowners who require the 10-year structural defects insurance will still be unaware that they have been left without cover.
Alpha, who supplies the insurance new homes require to protect against structural defects, was declared insolvent in Denmark last week meaning peoples cover has come to an immediate end.
Policyholders are just receiving the news that their homes are no longer insured and at this stage no plans have been announced by those who issue policies under Alpha as to how customers can be protected going forward.
David Su…
Read the full article at: https://bdaily.co.uk/articles/2018/05/16/new-build-home-insurance-policies-at-risk-after-the-collapse-of-insurance-firm-alpha
