Abortive Planning Costs Insurance

YOUR JOURNEY STARTS HERE…

The Pre-planning and Planning Stage – When considering how viable a project is from a planning perspective, refusal to grant permission is one of the biggest risks. These risks can be covered with “Abortive Planning Costs” insurance.

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The costs to obtain planning permission can escalate when considering the scale of your project.

Fees can include:

Preliminary Site Investigations
Planning Fees
Project management costs associated with the proposal (these can include various consultant’s fees, architects, surveyors, ﬂood risk engineers, landscape architects and accountants fees)
Legal Fees
Local Planning Authority pre-application fees
Market Research costs

Peace of Mind for Developers

Remove Risk to Funders

Protection for all Planning Costs

Limits up to £1,500,000

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Typical Costs to Secure Planning Can Exceed £100,000

Why not protect yourself against potentially losing this?

There is also the possibility to add any additional specific costs that may be rendered abortive if planning is refused and has the flexibility to extend cover to funders or other parties with the insurer’s consent and mix the policy with other products to reduce risks associated with a development.

Speak to us about your development and we’ll arrange for a quote.

QUOTE ME ON ABORTIVE PLANNING COSTS INSURANCE

COVER YOUR RISK AGAINST PLANNING REFUSAL

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“Dear Compariqo, I’m stunned. I’ve never had such a swift turnaround on this – thank you so much for dealing with this for me. I will not only use you again but will recommend you to everyone I know!!”

Regalia Homes Kent Ltd

“From our first contact Compariqo’s communication was excellent. Their requirements were clear and precise and our reply’s actioned immediately, resulting in the issue of a new home warranty, problem free.

Scott was always professional yet friendly, and should the need arise we would not hesitate to use their services again.”

Merlion Homes

“I approached Compariqo as they offer a broader choice in the market place when it comes to structural warranties. The service was fast and efficient and I would recommend them to other companies needing to source a structural warranty for a new development.”

A. Goddard

Developer, Taunton, Somerset

“After struggling for weeks with numerous brokers to find a provider for my structural warranty policy, Alex and Compariqo took complete control of the situation and sourced me a policy which enabled me to complete my remortgage. Alex in particular was excellent and kept me updated regularly. I would highly recommend Compariqo!”

R. Bhanderi

Harrow, UK

“I used Compariqo after being let down by another company. Alex Flexman dealt with all my enquiries and helped me constantly through all aspects of the service. He was extremely helpful and very professional throughout the process. I would highly recommend Alex and Compariqo to any of my associates needing structural warranties.”

D. Perry

Shrewsbury

“If you are looking for a one stop shop solution to out of the box and standard borrowing then Compariqo Finance covers it all. Where other lenders have tried and failed Compariqo Finance will find a solution. The level of service from Thomas Naidu and colleagues is second to none. I am so grateful for their effort in finding a bespoke lender, and never gave up until we found what I needed for my complex situation. I have never had such a good experience in 25 years in the business. Thank you so much.”

N. Khan

“I contacted Jacqui to compare quotes on warranty companies for the conversion of the existing house into three flats. The flats all have separate entrances and the basement level has a lightwell. I found Jacqui to be very forthcoming with information, updating me regularly with correspondence she had received from the warranty companies and a delight in general to talk to. We now go to compariqo for comparisons for all warranty companies on any new developments we have coming up.”

Katie Addison

Brickmort Developments

Wow thank you for sorting this so promptly. You have saved me a lot of time & anxiety.

Corinna

CSCL DEVELOPMENTS LTD

Excellent, prompt service and we will definitely be using you again during our next build. Both Steve and myself were impressed from our initial contact with Jaimie through to completion.

Jaimie explained in detail the insurance suitable and immediately emailed the contract for us to read. No sales pressure and responded when answers were required.

So, thank you again to you and your team at Compariqo.

Sandra and Steven Page

I found Compariqo thanks to my monitoring surveyor. This is my first big development, meaning a lot of insurance companies I was approaching directly, wanted to see similar projects I had worked on, but obviously that wasn’t possible. I explained the situation to Armand and the fact we had carried out a lot of work on the site already, but he assured me this wouldn’t be a problem.

Thankfully it wasn’t and the second site visit was carried out this week. Always available to speak if I have any questions and I would definitely recommend using Compariqo as they take the laborious nature of applying for a warranty out of your hands.

Oliver Donovan

O Donovan Properties – August 2021