Insurance Backed GUARANTEES

Valuable consumer protection

An Insurance Backed Guarantee (IBG) is a low cost, long term insurance policy, which provides valuable protection for consumers when undertaking home improvement projects.The intention of an Insurance Backed Guarantee is to honour the terms of the written guarantee, originally issued by the installing contractor, where that contractor has ceased to trade as defined within the policy document and is therefore unable to satisfy claims against that guarantee.

Why?

Many contractors will be happy to guarantee their work against defects in workmanship or materials for between 1 years and 10 years. The latter being the period often given by home improvement companies such as glaziers and roofers. ault arises in the works, the contractor would normally honour his responsibilities by attending to the fault at no cost to you. However, what if that contractor has gone out of business and is unable to attend? There is no guarantee that any contractor will still be around years later to honour their guarantee.

What happens if i do not have Insurance Backing?

Hopefully, your chosen contractor will always be there to respond to any problems that may arise over the period of their written guarantee and such as will perform any remedial works required. However, experience shows that many contractors will fail for several reasons, principally financial failure. If you do not have an Insurance Backed Guarantee then you may incur substantial cost in the future if faults arise in the works.