Building a new home or making a significant alteration is probably the biggest investment homeowners will ever make, and if anything goes wrong it could be the most costly too. That’s why it makes sense to have an independently-insured warranty in place, just in case something does go wrong.
CBS Co-Op members and their customers now have direct access to New Zealand’s only independent 10 year builders guarantee.
10 YEAR BUILDERS GUARANTEE- HOMEOWNER BENEFITS
BEFORE & DURING CONSTRUCTION
Refund lost deposit
Guarantee completion and pay additional costs to complete
Up to 15% of the contract price, to a maximum of $250,000
DEFECTS PERIOD
Covers defects for the 10 years, including weathertightness
Defects include the failure of products and materials and faulty workmanship
Up to $1,000,000
ADDITIONAL BENEFITS
Transferrable to a new owner – added value when seeking a buyer
Claims managed by an independent third party
SECURITY
Underwritten by the Southern Pacific Insurance Company (SOPAC), NAIC registration number 15659
More about SOPAC
Members, Apply For Accreditation Today
Homeowners
