| About the Guarantees
The Master Build 10 Year Guarantees give you the peace of mind cover needed when undertaking your building projects.
There are two types of 10 Year Master Build Guarantee. A FAQ
The Premium 10 Year Guarantee which covers
- Loss of Deposit (Up to 5% of the Contract Price to a maximum of $25,000), or Non-Completion (Up to 10% of the Contract Price to a maximum of $40,000).
- Defect in Materials and Workmanship (Protection against any defects in workmanship and materials*, or structural elements, for two years after completion of the building).
- Structural Defects (including Rot and Fungal Decay) (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 ten years from acceptance of the Guarantee).
The Classic 10 Year Guarantee which covers
- Defect in Materials and Workmanship (Protection against any defects in workmanship and materials*, or structural elements, for two years after completion of the building).
- Structural Defects (including Rot and Fungal Decay) (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 ten years from acceptance of the Guarantee).
Cost of the Guarantees
The cost to the consumer for the Master Build Guarantee is:
- Premium = 0.7% of the value of work - capped at $3,500 of the contract price
- Classic = 0.55% of the value of work - capped at $2,750 of the contract price
More Information
Applications
Visit the Masterbuilder website.
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