Your Master Build Labour Only 10-Year Guarantee - Cover and Cost

Find out the cost of the Labour Only Master Build 10-Year Guarantee and what is covered, here.

GENERAL QUESTIONS

The cost of our Guarantee will reflect the cost of your build.

Value of Building Contract (inc. GST) Labour Only Cover
$30k-$100k $ 600
$100k-$250k $1,050
$250,000+ Call us

 

COVER AFTER YOUR BUILD IS COMPLETE

The Master Build 10-Year Labour Only Guarantee is designed specifically for Labour Only contracts. Therefore, it is important to read and understand what you are covered for.

The maximum cover for all claims throughout the life of a Guarantee is the value of your Building Contract (up to a limit of $250,000 or the contract price, whichever is less).

Our Workmanship cover protects you if there is a problem with the expected standard of the work carried out by your builder.

This includes where your builder has failed to:

  • comply with your Building Contract and the building consent; or
  • follow relevant building trade practices and standards that were in place when your building consent was issued; or
  • comply with any relevant laws that apply to the building work; or
  • comply with any relevant instructions or recommendations by the manufacturer or supplier of any materials used in the building work that were in place at the time the material was installed or used.
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    It is important to read the Guarantee Terms and Conditions and understand what you are covered for.

    However, for a labour-only contract, the materials used in the building work are not covered.

     

    Please be aware that each Master Build Guarantee can be tailored to your needs. Please make sure you read and understand what you are – and what you are not - covered for.

    The Master Build Guarantee will not cover:
    • Any items on a Multi-Unit Development
    • Anything that is not your builder’s responsibility (including work, services, materials or chattels that are not part of the Building Contract OR that you have arranged or paid for directly).
    • You, if you are both the owner and the builder or if you are an associate of the builder
    • Issues or claims that are covered by insurance (for example contract works insurance, home and contents insurance and/or professional indemnity insurance).
    • Consequential damage to your home, including damage that has happened as a result of a Defect that is part of any claim under your Guarantee.
    • Consequential losses, including losses that happen because of a Defect that is part of any claim under your Guarantee. This includes travel expenses and legal costs.
    • Unavoidable aesthetic variance.
    • Items that are not a part of or directly connected to your home (such as swimming pools, driveways, paths, lawns, gardens or fences, external drainage and retaining walls that are not part of the building’s foundation).
    • Buildings that have been moved from their original, permanent Property.
    • Managed labour-only contracts (where your builder is managing the building site but does not provide the materials or labour, or where the people carrying out the work are not your builder’s sub-contractors or employees).
    • Agreed deviations (where you and your builder have chosen not the follow the Building Contract, the building consent, or relevant building trade practices and standards during the building work).
    Any Damage or Defect that:
    • You already knew about or should have known about.
    • Is caused by normal wear and tear
    • Is beyond the reasonable control of your builder (such as subsidence, erosion or soil movement, condensation, shrinkage, contraction or expansion of any material, and act of God.)
    • Is caused by anything related to design or engineering work including the use of non-approved materials.

     

    COVER FOR STRUCTURAL DEFECTS

    It is important to read the Guarantee Terms and Conditions and understand what you are covered for.

    Cover for structural defects protects you if an issue with the expected standard of the work carried out by your builder results in Structural Defects to your home, including a problem with the weathertightness of your home (Rot and Fungal Decay).

    Structural Defects include damage which makes your home unsafe, unsanitary or uninhabitable.

    To be covered for Rot and Fungal Decay, the design, materials and construction of your home need to achieve a score of 12 or less in the “Building envelope risk matrix” at the time the building consent was issued. The building envelope risk matrix is in the Ministry of Business, Innovation and Employment’s Acceptable Solution E2/AS1, which can be found on www.building.govt.nz.

     

    We will not be liable for any claim under Structural Defects cover if:
    • the building work in the claim does not have the required building consents;
    • it does not comply with the Building Code or any building consent documents.

    WANT TO KNOW MORE?

    Find out all the information about the  Master Build Labour Only 10-Year Guarantee here.