They are insurance covers that are not subscribed to by the owner or the occupier of the property but by the builder/promoter building it. However they are the insurance policies that the property owner can benefit from if they are properly in place and if there is a defect in the construction, which is discovered after its completion.
The decennial warranty covers for defects affecting the stability and the structure of the building, such as roof, walls and openings. It is valid for 10 years after the completion of the construction.
The two-year warranty is the cover for the defects affecting smaller items as well as brought in pre-built elements such as the heating boiler and the electric shutters. It is valid for two years after the completion of the construction.
Each policy must clearly stipulate how it categorises each building item.