Before your clients can apply for a Builtin Small Project Guarantee, which covers residential building work up to $30,000, you must become accredited. You can apply for this accreditation by completing the form below.
If you wish to provide an insured-backed guarantee on work greater than $30,000 you will need to become eligible for the Homefirst Guarantee instead. Click here for a copy of the Homefirst Guarantee Eligibility Application.
BENEFITS FOR BUILDERS
1. Win more business. Customers prefer a builder who can provide an independent 10 year guarantee over those who can’t
2. Liability protection. Every guarantee protects the builder from liability for defects, after the first year, at no additional cost
3. No paperwork or cost to you, your customer applies and pays for the Guarantee themselves online
HOW MUCH DOES IT COST?
For projects up to $10,000 the Guarantee costs the homeowner $199. For projects between $10,001 and $30,000 the Guarantee costs $260. All figures include GST.
HOW DOES IT WORK?
If a homeowner wishes to insure their under $30,000 building project they apply and pay for a guarantee online at: www.builtininsurance.co.nz/small-project-guarantee. Guarantees can only be issued when using a Builtin Accredited Builder. Accredited Builders supply their customers with their Eligibility Number, which the customer uses in their guarantee application.
WHAT KIND OF PROJECTS CAN BE COVERED?
Most residential building work under $30,000 will qualify for a Small Project Guarantee. This includes labour only jobs, decks & fences, renovations and other small residential works.
DO I NEED A WRITTEN CONTRACT?
While written contracts are compulsory for work over $30,000, you do not need to have one for work under this amount. We strongly recommend that you use a written contract for any value of work, however one is not required to apply for a Small Project Guarantee.
WHAT ABOUT CONSENTED WORK?
The Guarantee will not cover any work where a building consent is required but has not been granted.