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Choose an award winning HomePro Insurance Backed Guarantee for your peace of mind.
Although a home improvement is one of the safest forms of financial investment, there is one pitfall that is often overlooked:
A WORTHLESS GUARANTEE - a contractor’s own guarantee can cover faulty workmanship and materials - BUT ONLY IF THE COMPANY IS STILL TRADING.
Every year thousands of businesses close due to bankruptcy, liquidation or even death of the proprietor. A HomePro Insurance Backed Guarantee (or IBG) will protect your financial investment by matching the terms of your contractor’s original guarantee should they have ceased to trade*. So, if they are no longer in a position to honour a claim – your project will still be protected*.
The IBG can protect your project from deposit to completion and beyond and it can cover stage payments made to your contractor and the work in progress*. HomePro will even help you to find a new, approved contractor to commence or recommence the project, if your original contractor fails to complete*.
Remember - many homeowners assume that they will be covered by their home insurance policy but sadly this is rarely the case as contents and building insurance only cover accidental damage to property and not materials or workmanship.
The IBG can also be transferred to any new owner of your property** which is a great asset if you decide to sell your home.
Companies that can offer an IBG as part of their service can be identified on the “Find A Pro” directory by a
or check with your contractor before accepting their quote.
*Subject to trade, terms of the Master Policy and policy type.
**Provided that the Contractor’s guarantee is also transferable.
For more information on IBGs,
Click here
to visit our insurance site.
HomePro helps you by giving you access to information on reputable businesses but remember, the decision to engage a particular business remains entirely yours. Neither HomePro nor any of its data providers or affiliates make any warranties express or implied,
as to the accuracy, adequacy, quality or fitness for any particular purpose of the information or the services for a particular purpose or use. All such warranties are expressly excluded to the fullest extent that such warranties are excluded by law. You bear all risks from any uses or results of using any information on this site.
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