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 building warranty.
10 YEAR BUILDING WARRANTY – HOMEOWNER BENEFITS
BEFORE & DURING CONSTRUCTION
Refund lost deposit
Pay additional costs to complete
Up to 15% of the contract price, to a maximum of $200,000
DEFECTS PERIOD
Covers all defects for the first 2 years and major structural defects for a further 8 years, including weathertightness claims
Defects include: defective design or specification, failure of products and materials, defective workmanship
ADDITIONAL BENEFITS
Homeowners claim directly with the insurer – instead of going through the builder
Transferrable to a new owner – added value when seeking a buyer
Claims managed by an independent third party
Cover is inflation adjusted every year
SECURITY
Underwritten by Certain Underwriters at Lloyds of London – rated A+ by Standard & Poor’s
Members, Apply For Accreditation Today
Homeowners
