The 10 Year Premium Guarantee

• 

Covers you for:

EITHER

Loss of Deposit

Up to 5% of the Contract Price to a maximum of $25,000, if the permanent work hasn’t started.

OR

Non-completion

Up to 10% of the Contract Price to a maximum of $40,000 if the house or work isn't finished.

PLUS

Defect in Materials* and Workmanship and Structural Defect

Protection against any defects in workmanship and materials*, or structural elements, for two years after completion of the building.

PLUS

Structural Cover

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.

INCLUDING

Rot and Fungal Decay

Cover for properties where the design, materials and construction achieve a score of 12 or less based on the E2/AS1 Risk Matrix**.

 
Maximum total aggregate payout for all cover is $500,000 including GST.

* Materials which have a current certificate of accreditation or product certificate issued under the Building Act, or which, in Master Build Services' opinion, comply with an appropriate Australian or New Zealand standard.

** The E2AS1 is the Department of Building and Housing’s Acceptable Solution for Building Code clause E2 External Moisture. It incorporates a Risk Matrix which is a design tool that allows designers to analyse the weather tightness risk of a particular building design.