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Zurich first to offer online homeowner Logbook
Zurich Building Guarantee, Zurich’s direct
new home warranties arm has launched the first online homeowner
Logbook, ahead of the ‘go-live’ date for the Home Information
Pack (HIP) of December 31 2007.
Delivered in association with innovative technology company
Property Log Book, a leading provider of web-based solutions to
property professionals, the Zurich Logbook is HIP compliant and
enables both developers and homeowners to capture, store and
retrieve essential information about their properties.
Where developers could expect to pay approximately £100 per home
for such a service Zurich is providing it free of charge, a
benefit the developer can pass on to the homeowner as part of
their new homes package over and above what must be provided.
As well as helping them comply with HIP requirements, the
solution will significantly ease any administrative burden on
developers, who need only provide the information once, it then
being held under a secure password on the internet. The
developer will give the password to prospective buyers,
enhancing customer service and cutting the time and cost of
producing a large file of papers for each.
There are benefits too for the conveyancing process as the
Zurich Logbook will contain essential information for
solicitors, selling agents and surveyors regarding the condition
of a property and other useful material.
Once a sale is completed the buyer will be able to change their
password and have access to update the data for the first year.
After that the data will be held as read only in perpetuity, but
the homeowner can purchase full access that will enable changes
to be made direct from the Property
Log Book company."
Martin Horsler, Head of Zurich Building Guarantee said: ‘The
house buying and selling process can be demanding and new
legislation will involve added responsibility and cost for all
parties. The inclusion of the Zurich Log Book as standard is
just one way we are working with developers to make things
simpler for them, and their customers in turn, in light of these
changes.’
He continued: ‘As this solution, once set up, belongs to and
remains with the property forever it has a wide variety of
benefits for the owner – from a means of notifying claims under
their insurance policy through to helping them compile a new HIP
when they come to sell.’
Email: louise.naqvi@uk.zurich.com