Insurance Backed Guarantee Cover. If your installer or builder goes out of business your home improvement investment will. An Insurance Backed Guarantee IBG is a low cost long term insurance policy which provides valuable protection for consumers when undertaking home improvements projects.
A company may cease trading due to insolvency compulsory or voluntary liquidation bankruptcy death or retirement of all the principals. Our guarantees also act as a solution to funding and houseland sale issues. Insurance backed guarantees Our guarantees can be issued to any type of site whether it is a residential home or a construction site be developed into a housing development.
Subject to receiving a valid insurance policy and as per the TCs enclosed within the policy document.
Cover is typically for a period of 10 years but some insurers will provide cover for any period up to 25 years. Deposit Warranty Cover This level of cover has warranty cover as. Some contractors like to give these to their customers as a unique selling point or. If any company hired by the customer for home improvement work ceases to trade an Insurance Backed Guarantee IBG is there to protect their investment and home.
