Building Trust and Quality: How Deicorp is Transforming Buyer Confidence with Latent Defects Insurance

Prominent Sydney developer Deicorp is setting a new benchmark in the off-the-plan apartment market by rolling out Resilience Latent Defects Insurance (LDI) across its major projects. This innovative policy, offered exclusively by Resilience Insurance in Australia, provides a 10-year warranty covering structural defects, ensuring buyer confidence and enhancing the reputation of developers.

Deicorp's Commitment to Quality

Deicorp has adopted LDI for three of its significant developments: The Hyde Metropolitan on Hyde Park, Downtown in Zetland, and the Cosmopolitan Parramatta project. According to Robert Furolo, Deicorp's Executive Manager of Corporate Communications, buyer trust is paramount. "Our 4-Star Gold iCIRT rating and strong track record assure buyers that Deicorp stands behind every apartment we build," Furolo states. The additional 10-year insurance coverage reinforces this trust, providing buyers with peace of mind that their investment is protected.

Rigorous Oversight and Inspection

LDI is only offered to developers who pass rigorous, independent inspections during construction. This ensures that buildings are constructed to the highest standards, further enhancing buyer confidence. Deicorp's Downtown Zetland project, nearing completion, will be among the first to benefit from LDI, showcasing the developer's commitment to quality and reliability.

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First published to new property buyers on Urban.com.au/news: Why Deicorp is rolling out Resilience Latent Defects Insurance across its major Sydney apartment developments

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Industry Impact and Leadership

Corey Nugent, CEO of Resilience Insurance, highlights the immediate interest from Deicorp chairman Fouad Deiri. Despite Deicorp's strong reputation, Deiri's commitment to providing additional assurances to buyers sets a positive example for the industry. This proactive approach is crucial in restoring confidence in off-the-plan apartments as a solid investment option.

Major Projects with LDI

Deicorp's Hyde Metropolitan tower and Cosmopolitan Parramatta project are notable examples of developments benefiting from LDI. The Hyde Metropolitan, set to complete in 2028, will feature 168 apartments across 55 levels, while the Cosmopolitan will include 600 apartments and a vibrant retail village. Both projects underscore Deicorp's dedication to delivering high-quality, reliable properties.

Looking Ahead

By adopting LDI, Deicorp not only enhances buyer confidence but also sets a new benchmark for quality and trust in the property development industry. For developers, project managers, and marketers, LDI represents a strategic advantage in an increasingly competitive market.

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