Building warranty insurance specialists J3 Advisory, announced the launch of their online calculator that provides indicative costs of building warranties for new build and conversion schemes. The calculator uses four data entry points to give users a top-level understanding of their warranty cost in just seconds.
The calculator considers the build type, stage of works, sum insured and GDV and shares indicative costs from A-rated insurers. The online tool, designed for property developers, main contractors, and cost consultants, provides an instant guide price on forthcoming structural warranty requirements and offers further insights into the key considerations to keep in mind when arranging your next policy. You can find the free-to-use building warranty calculator here.
Jack Bristow, managing director for J3 Advisory, commented, ‘An online calculator can never replace that conversation with an advisor, but it will allow property people to gain a snapshot guide-price, which will prove invaluable insight during those early stage discussions on new sites and prospective sites.’
The specialist advisory also added that the calculator was one of a series of steps being taken to invest in technology to improve efficiency and transparency in a broker-led LDI market. Other plans include building an end-to-end platform that will allow property professionals to track the status of their cases, from the submission of warranty enquiry to the issuance of final certificates.
Launched by ex-London Belgravia trio Jack Bristow, Johnny Leadsom, and James Mole, J3 has instructed on over 1,500 units and 200,000 m2 of residential schemes across the UK since its launch in November 2021.