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“ Many businesses will
give a guarantee. What happens if they cease trading?
An IBG can give you the peace of mind needed to ensure
your guarantee will be honoured”
Qaa
through it’s partner organisation can supply all types
domestic and commercial warranties to underwrite all
types of guarantees.
What is an
Insurance Backed Guarantee?
An
Insurance Backed Guarantee or IBG is an insurance
policy that is issued to the customer to underwrite a
supplier’s guarantee. Put very simply, this means
that should a supplier cease trading for whatever
reason, and no longer be in a position to honour their
original warranty should a problem occur under the
terms of the original guarantee, the claim would be
met by the insurers.
How
Creditable are QAA Warranties?
Insurance
Backed Guarantees supplied by QAA supply partners are
H.m Treasury regulated and conform fully to criteria
and guidelines set by:
DTI –
Department of Trade and Industry
ABI – Association of British Insurers
IOB – Insurance Ombudsman Bureau
OFT – Office of Fair Trading
The
guarantees range from 1 year to 10 years, depending
TYPES
OF WORK COVERED
Extensions
Double Glazing
Conservatories
Roofing (Commercial & Domestic)
Block Paving
Patterned Concrete
Kitchens
Loft Conversions
Bathrooms
Bedrooms
Damp Proofing
Timber Treatment
Wall Ties
Wall Coverings
Underpinning
Flooring
Central Heating (12 months only. Excludes mechanical
and electrical parts). |