it's a risky business: protect yourself by obtaining all your insurances, warranties, and BuildSafe services necessary for your job in one place
You will sign a building contract you probably won't understand and hand over a hefty deposit to your builder without knowing what he will do with it or if he is financially secure.
You will make stage payments without being sure that the value of works done is equal to the amount you have paid.
If there is loss or damage on the site due to fire, natural disaster, or accidental damage, will you be sure that there is adequate insurance in place?
If damage is caused to neighbouring properties, will your builder have public liability insurance which will also protect you against any claims?
And finally, years after completion, if there are major structural problems with your home, who will you turn to? We have all seen the horror stories of leaky homes and the huge sum paid to repair just a single home - it's like having to buy your house all over again!
Well now two of the most respected names in the industry - BuildSafe and Stamford Insurance - have teamed up to offer a wrap-around package of services and insurance for your total security and peace of mind. We call it BuildSure - a better way to build a home.
With one simple application form all of these risks can now be managed and insured.
BuildSafe will provide a free building contract which is fair and equitable to both parties.
The deposit will be held in a secure trust account administered by BuildSafe so the home owner will know that the builder will only get paid once the work is complete and the builder will know that the final payment is secure and will be released when the build is finished.
If there are any disputes during the build, BuildSafe will help you initiate an adjudication claim with Building Disputes Tribunal to ensure that dispute is dealt with quickly and cost effectively.
And, Stamford Insurance will arrange all the insurances necessary for the project:
Contract Works insurance to cover the project against accidental loss or damage during construction.
General Liability insurance to protect both you and your builder.
A 10 Year Warranty to cover major structural defects including weather tightness issues arising after completion.
For further information about the building warranty and insurance, please send us your contact details (select "I want more information about BuildSure - Warranty and Insurance"):
At BuildSafe we are driven to be the most recognised and respected provider of a specialist security of payment service for the building and construction industry in New Zealand. This is because we believe that all home owners and builders who are doing building or renovation work deserve to have access to the very best information and services to protect themselves and to ensure that the building process is a positive experience.