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Contact Info

Email

saljservice@wtwco.com

Phone Number

(+46) 8 546 359 90

Location

Lästmakargatan 22 Box 7273, 103 89 Stockholm

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Hidden Faults general info

When selling a house, for example, a permanent residence house or vacation house, the seller are liable for any hidden faults found in the previously owned house when the new owner receives the rights of access. The seller is liable for hidden faults discovered for a period of ten years. Hidden faults can include, for example, pests, mold damages and faulty constructions. If such hidden faults are discovered the seller could possibly be liable to compensate the new owner at great expense even if the seller did not know about the faults.

Why purchase a hidden fault insurance?

The simple answer is that the insurance company takes care of the claim a seller of a house might receive from the new owner, conducts a claims adjustment, and pays out costs related to legal protection. If the claim is approved and confirmed as a legitimate hidden fault, compensation will be paid out from the insurance company to the new owner. There are three different insurance products to choose between, Uppdaga / Uppdaga Mer & Uppdaga Mest. To find out more about the differences between the products, download the broschure.

    When can a hidden fault insurance be purchased?

  • The permanent residence house or the vacation house is located geographically in Sweden and has been owned for the purpose of private use. The insurance is not designed for houses owned and used for the purpose of business.
  • The permanent residence house or the vacation house is sold through a real estate broker registered in Sweden.
  • An inspection has been conducted where applicable for certain specified coverages. The inspection shall be conducted by a surveyor approved by the insurer.
  • The insurance can be requested and purchased up until the date the new owner receives the rights of access.
Your real estate broker and many surveyors can assist you with a request for purchasing a hidden fault insurance. Willis Towers Watson Sweden AB Säljservice can provide you with insurance advice and assist you with questions you might have regarding the right insurance product for you.
If you have purchased a hidden fault insurance and have a claim, please start by choosing which insurance company you have your insurance with. The links will forward you to where you will find the applicable claim form. Or if you don’t know, contact us at: saljservice@wtwco.com
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We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets, and ideas — the dynamic formula that drives business performance.

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Email us or call us for more information:
Willis Towers Watson Sweden AB
Phone: +46-8-5463 5990
Email: saljservice@wtwco.com
If the property unit does not conform to what follows from the agreement or if it otherwise deviates from what the purchaser could have justifiably anticipated at the time of the purchase, the provision in Section 12 regarding the right of the buyer to make a deduction from the purchase price or to cancel the purchase shall apply.

The buyer is also entitled to compensation for damage if the defect or loss is due to neglect on the part of the seller or if at the time of the purchase the property unit deviated from what the seller must be deemed to have promised.

A deviation which the buyer ought to have discovered in the course of such examination of the property unit as was occasioned by the state of the property unit, the normal state of comparable properties, and the circumstances attending the purchase may not be adduced as defects.