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MBS Guarantee |
| Home >> Guarantee |
The Master Build New Homes or Alterations & Additions Guarantee is only offered by a Registered Master Builder. You are covered for:
Either
• Loss of Deposit - Up to 10% of the Contract Price to a maximum of $20,000.
Or
• Non Completion - Up to 10% of the Contract Price to a maximum of $40,000.
Plus
• Materials*, Workmanship and Structural Cover from handover for 2 years.
Plus
• Limited Structural Cover For up to an additional 5 years. (Giving a maximum of 7 years from handover)
• The Maximum total payout for all cover is$100,000. (Cover includes GST)
The Guarantee is not automatic you need to:
• Request a Guarantee Application Form from your Registered Master Builder
• Fill out and sign: the Guarantee Application Form, and the Arbitration Agreement
• Receive an Acceptance letter from Master Build Services
(Usually within 14 days of you applying for the Guarantee).
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* Materials which have a current certificate of accreditation or product certificate issued under the Building Act, or which, in
Master Build Services' opinion, comply with an appropriate Australian or New Zealand standard.
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