The 7 Year Guarantee

Covers you for:

Loss of Deposit

Up to 5% of the Contract Price to a maximum of $20,000 if the building hasn’t started

OR

Non-completion

Up to 10% of the Contract Price to a maximum of $30,000 if the house or work isn't finished

PLUS

Materials, Workmanship and Structural

You will be protected against any defects in workmanship and materials*, or structural elements, for 2 years after completion of the building underwritten by Master Build Services.

PLUS

Cover for defects in specific structural elements of the building work, after expiry of the Materials, Workmanship and Structural cover, for a total cover of seven years from acceptance of the Guarantee.

The Maximum total aggregate payment for all cover is $100,000 including GST

* 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.