The cost of our Guarantee will reflect the cost of your build.
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 or with the materials that have been used in the building work.
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.
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.
Find out all the information about the Master Build Labour Only 10-Year Guarantee here.