Although a home improvement is one of the safest forms of financial investment, there is one pitfall that is often overlooked - A WORTHLESS GUARANTEE.
Most contractors issue a guarantee upon the work they have carried out, the benefits of which are realised should you have reason to claim for faulty workmanship or material defects.
However...
Thousands of contractors, large and small, cease to trade each year, be it for reasons of finance or a state retirement.
Guarantee periods can stretch to as long as 10 years and much can happen to any business in that time, regardless of current stature. This is particularly true in today's volatile business environment.
If your chosen contractor were to cease trading you could be left with faulty goods, a guarantee of absolutely no value and a potential bill of THOUSANDS of pounds to rectify your problems.
The solution to this nagging fear is found with the HomePro Insurance Backed Guarantee which matches the terms of the contractor's original guarantee* should they no longer be in a position to honour a claim you may have to make.
A contractor worthy of carrying out improvements to your home should always offer you a HomePro Insurance Backed Guarantee, protecting your project from start to finish and beyond. The HomePro Insurance Backed Guarantee
What can it cover?
- Recovery of any deposit payments made to your contractor
of up to 25% of the contract value.**
- Assistance in finding a new HomePro approved contractor
to commence or recommence the project, if your chosen
contractor fails to complete.
- Any additional cost to the original contract that the
replacement contractor may charge.
- All work in progress (limit 25% of contract value).
- All workmanship by your contractor.
- All materials used by your contractor.
- All the terms provided to you under the contractor's
guarantee should they cease to trade upon completion
of your project (subject to the terms of the policy).
- Transfer of the policy to any new owner of your property.
* Subject to the terms of the policy
** Available on Value Plus and Comprehensive Policies only.
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