2 minute read
Why you should use a Halo Guarantee
One of the best things about being part of New Zealand Certified Builders (NZCB) is exclusive use of the Halo 10-Year Residential Guarantee. This guarantee has been tailor-made for the best builders in New Zealand –the members of our Association.
Only a NZCB member can provide a Halo 10-Year Residential Guarantee. So read on to find out why the Halo Guarantee is an invaluable tool to have in your builder’s belt!
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Exclusively available to NZCB members
The Halo 10-Year Residential Guarantee protects you and your Homeowners after the building process, and for the next 10 years. It provides much greater protection than both the Building Act and the Consumer Guarantees Act.
H If something does go wrong after the completion of your build then, provided the terms and conditions are met, your guarantee will cover it and we will step in to help you fix any agreed problems.
H It adds value to the homeowner’s property.
H It’s fully transferable if the homeowner decides to sell.
H It costs less than 1% of the total build cost to protect your biggest investment.
H Simple and flexible administration.
Benefits for the homeowner
Cover after completion of the works (defects guarantee period):
H 10-Year cover for structural defects including weather tightness issues caused by you (the builder) or your employees.
H 2-Year cover for non-structural defects (materials and workmanship) caused by you (the builder) or your employees.
H 10-Year cover for structural defects caused by your (the builder’s) sub-contractors (including their employees).
H 2-Year cover for non-structural defects (materials and workmanship) caused by your (the builder’s) sub-contractors (including their employees).
While the vast majority of building projects will run smoothly, sometimes things do go wrong. The guarantee provides protection when these issues arise. It may also be that you stop working as a builder during the 10 years after completion. The guarantee will still be there to provide cover to your Homeowners for the full 10 years, and if you retain a NZCB membership we can also provide assistance to you with any claims and fixing defects.
Regardless of what happens in the future, your Halo Guarantee will be there to help you for the next full 10 years following completion* – it’s peace of mind, guaranteed.
*As long as you retain a NZCB membership.
Assurance guaranteed
These key components are considered essential for NZCB’s flagship guarantee product:
H Halo has been developed to provide confidence and protection to homeowners.
H Competitive premiums.
How do I apply for a Halo Guarantee?
If you are using an Online NZCB Building Contract for your project an application is automatically sent to Halo Guarantees Limited. It is recommended you do it this way, as this will ensure that all the correct information is received by the Halo Guarantees Limited team.
If you are using a Hardcopy NZCB Building Contract or another type of building contract you can submit a hardcopy application to Halo Guarantees Limited. The Halo Guarantee Application form can be found in the Halo section on the members’ only Toolshed. Ensure to send a signed copy of the build contract with your application.
More information about the Halo Guarantee can be found on the Halo Guarantees Limited website www.halo.nz, the Halo section of the NZCB members’ only Toolshed www.nzcb.nz/members/halo or contact the Halo Guarantees Limited team on: 0800 141 490 or applications@halo.nz.
David Lee Halo Guarantees Limited Chief Executive