Insurance Backed Guarantee (IBG)
Insurance Backed Guarantee
As of June 2014 the provision of financial protection became mandatory as part of the self assessment certification procedures required for all residential replacement window installations.
At Centric H.I. we ensure every customer has an insurance backed guarantee up front.
What is an Insurance Backed Guarantee?
It is insurance that protects you should a home improvement contractor cease to trade, as defined in the policy, and is therefore unable to either complete the work or honour the terms of the guarantee given to you on the completed project. There are several trade types covered by Insurance Backed Guarantees, the most well know are Glazing installers, however roofing, solar and kitchen and bathroom installers are also able to provide an IBG.
Here at Centric Home Improvements, we issue a guarantee for every job we carry out.
Although home improvements are still one of the safest forms of financial investment, there is one pitfall that is often overlooked – A REDUNDANT GUARANTEE.