How are modern methods of construction affecting your clients’ insurance needs?
What’s the challenge?
Being a relatively recent development means there are questions over the longevity of some modern methods of construction (MMC) materials. It’s unknown how they’ll withstand the effects of flooding, escape of water and fire damage, for example, or even how they’ll be affected by general wear and tear over the years.
This is why insurers are increasingly asking for greater detail when it comes to MMC, so we can gain a full understanding of a building’s construction and build an accurate picture of the risk exposure.