Regency Contracting Offers full warranty protection on all work carried out by them, this warranty is given through the Federation of Master Builders (FMB)
With any major purchase for your home, you’d expect a warranty to cover you against unforeseen problems.
Why should building work be any different?
Now with the FMB MasterBond insurance policy you can buy extra back up on your building project, and know that your builder is vetted before your works commence.
Cover your investment at very little cost
On a job costing £5,000 (including VAT) MasterBond cover comes to £75 plus IPT**.
When you use an FMB MasterBond builder, your home is in safe hands
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Only experienced builders who work to professional standards and pass the pre inspections can join the FMB MasterBond Scheme. -
MasterBond warranty protects*** against loss of deposit, defects due to faulty workmanship or materials for the first two years, and against structural defects for a further eight years – that's a total ten years peace of mind.
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Cover also extends to work carried out by sub-contractors appointed by your MasterBond builder such as plumbing or electrical work.
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Your MasterBond builder should offer a contract or terms and conditions of engagement to you for the work. You can download free FMB Contracts here.
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If problems do arise, the cover protects you even if your MasterBond builder has gone out of business, been declared bankrupt or died since work was completed.†
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If you change address and sell your home before the term is up, the protection can be passed to your purchasers – giving you the edge in a competitive housing market.
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In the event of a dispute arising between you and your MasterBond builder, your cover offers a free resolution service. Should this fail, arbitration can be arranged (subject to the contract entered into for the work. Costs may be incurred). If the original MasterBond builder refuses to carry out agreed additional work, another MasterBond builder will complete the contract.†
Needs and Demands Statement
The MasterBond warranty meets the needs of someone who is having building work carried out on an existing building and wants insurance protection against loss of deposit, failure of their builder to complete the work, or against specific defects in the completed work.
Notes
* Terms and conditions apply.
** IPT will be charged at the current rate in force. IPT is an insurance premium tax which is applicable to all insurance premiums.
*** Policy Limitations exist, these may vary from time to time. Please refer to your specific Certificate of Insurance cover or contact the NRWB for confirmation of cover.
† See your Certificate of Cover for details of Policy Limitations.
