New Workmanship Warranty Protects Householders
OFTEC Insurance Services has launched a new workmanship warranty and deposit protection scheme. The new policy means that OFTEC registered technicians can offer their customers extra peace of mind that any notified work will be covered by the warranty.
The scheme covers the cost of rectifying any defective work directly attributable to the installation work which falls within building regulations. The householder would be able to claim up to £10,000 for rectification work if the original OFTEC installer is no longer trading. The warranty lasts for six years from the date OFTEC receives the job notification, and is fully transferable if the property is sold during that period.
New government legislation will soon be introduced for England, Wales, the Channel Islands and the Isle of Man, meaning that all new OFTEC registrants must provide a workmanship warranty for their customers. Existing OFTEC registrants will have a phase-in period which OFTEC will agree with government.
With economic times uncertain, the workmanship warranty gives householders the reassurance that their work is covered if the installer stops trading by reason of administration, receivership, bankruptcy or retirement. The workmanship warranty is automatically sent to the customer as part of the building regulations compliance certificate.
The scheme costs from £52 per annum for an OFTEC registered business, and also includes deposit protection insurance. This protects the deposit paid by the customer up to 25% of the contract value, to a maximum of £10,000, until work commences to a maximum of 90 days.
For more information, contact OFTEC Insurance Services