The Master Build Guarantee usually costs less than 1% of the total build cost.
The cost of our Guarantee will reflect the cost of your build.
The Master Build Ten-Year Multi Unit Guarantee is tailored to meet your needs. 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 total build cost of the unit or;
Our Materials and Workmanship cover protects the purchaser of the unit if there is a problem with the expected standard of the work carried out by the builder or with the materials that have been used in the building work.
You are covered for the materials used in your building work if they have not performed according to recognised trade practice or performance expectations.
If the materials come with a manufacturer or supplier’s warranty or guarantee, you need to claim under that warranty or guarantee first.
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.
Find out all the information about the Master Build Multi-Unit 10-Year Guarantee here.