A comprehensive insurance scheme exclusive to Certified Builders Association Members provided through BrokerWeb Risk Services insurance brokers.

Scheme Features

There are a number of features in the scheme all of which are exclusive to Certified Builders Association Members.

They include: 

• A guarantee insurance policy underwritten by Lloyd’s of London and carrying an “A+” rating from Standard and Poor’s. 
• The widest home guarantee insurance cover available in New Zealand. 
• Easy application process. 
• The most cost effective premiums currently available in New Zealand. 
• Automatic insurance acceptance for every new home build or home building alteration. 
• Minimal policy excesses payable by the property owner.

Guarantee Insurance coverage for the Homeowner/Property Owner

The InBuild 10 year Residential Guarantee Insurance will provide cover to the Property Owner for:

•  Loss of deposits if the builder doesn’t start the building works. 
• The builder starts but doesn’t complete the building works. 
• 10 year cover for the full contract price, for structural defects including weather tightness issue, once the building works have been completed. 
• 10 year cover for the full contract price, for non-structural defects as prescribed by Section 362 if the Building Act, once the building works have been completed.

The Insurance also provides cover for: 

• Full Contract Sum Insured The sum insured will be the full contract price meaning full cover is provided. 
• Alternative Accommodation Expenses The policy will pay for the property owner’s reasonable accommodation if necessary while the rectification works are carried out.

Who are BrokerWeb Risk Services Limited?

BrokerWeb Risk Services Ltd the largest New Zealand owned insurance broking company with branch offices throughout New Zealand; with its head office in Auckland. The INBUILD 10 YEAR RESIDENTIAL GUARANTEE INSURANCE SCHEME will be serviced by the BWRS Tauranga office.

Who are Lloyd’s of London?

Founded in 1688 in a coffee house in London, Lloyd’s of London is the oldest and one of the largest insurance underwriters globally; underwriting insurance risks right throughout the world.

Lloyd’s is recognised as the leading market for specialist insurances and the natural place for the INBUILD 10 YEAR RESIDENTIAL GUARANTEE INSURANCE SCHEME to be placed. Unlike many other insurance underwriters Lloyd’s is not a company; it’s an organisation where members join together as syndicates to insure risks.

Lloyd’s financial strength comes from its unique capital structure, underpinned by its members, which provides excellent financial security to policy holders. Lloyd’s currently has a financial rating of ‘A+’ (Strong) from Standard & Poors and an A M Best ‘A’ (Excellent) rating.

Who do I contact if I have a query?

BrokerWeb Risk Services Limited on 0800 644 444