All specialist remedial and waterproofing works carried out by Biocraft are covered by a company guarantee. Timber and chemical damp proof course installation works are guaranteed for a period of twenty years, structural waterproofing and cavity membrane systems, for a period of ten years following the completion of the work.
GPI Guarantee Insurance
GPI provides specialist insurance cover which relates to the property rather than the owner. So if you decide to sell your property the insurance is automatically transferred free of charge to the new owners, adding value to the purchase price and comfort in the ‘sellers pack’.
Should you be in a position where you need to make a claim you will be helped with sympathetic and knowledgeable staff. The insurance, purchased for a modest one-off payment, provides cover for up to ten or twenty years, dependent on the type of work carried out. The insurance comes into force if your contractor is no longer trading and covers his liability to you (subject to GPI terms and conditions).
Who are GPI?
Guarantee Protection Insurance Ltd (GPI) is a UK based general insurer, which is authorised & regulated by the Financial Services Authority. With over 25 years’ experience GPI is a long term player in the UK Insurance Market, who are based in Lime Street in the heart of London’s insurance district.
GPI specialise in the provision of insurance backed guarantees, which is an insurance product specifically designed to protect consumers who find themselves in a situation such as that detailed above.
How GPI works for damp proofing
If a defect covered by the contractor’s original written damp proofing guarantee develops and the original company has ceased to trade, a GPI insurance policy will pay for another damp proofing contractor to remedy the works. In simple terms GPI insures your guarantee.
The GPI damp proofing insurance policy provides insurance cover which relates to the property rather than the owner which means if you sell your property the guarantee can be passed to the new owners subject to certain conditions.
What it Covers
GPI can offer insurance for guarantees issued on wood-boring beetle, wood rot, rising damp, replacement wall ties and structural waterproofing. Structural waterproofing is normally covered for a maximum of 10 years. However, GPI are now able to offer insurance policies for a period of 20 years, where works have been carried out by members of the PCA waterproofing group.
The Main Benefits of using GPI
A one of premium payment will protect your guarantee for 10 or up to 20 years
Purchasing GPI insurance may assist in the future sale of your property, providing the property purchaser with a guarantee from the contractor and additional insurance
GPI insurance is freely transferable to future owners should you sell your house (reassignment of the contractors guarantee may be necessary)
An Insurance policy is provided specifically for each individual property
GPI are a UK based insurance company, which is authorised and regulated by the Financial Services Authority (FSA)
Access to the Financial Ombudsman Service (FOS) & Financial Services Compensation Scheme (FSCS)
For more information visit www.gp-insurance.co.uk
Trustmark damp proofing
TrustMark is the scheme supported by the Government, consumer groups and building industry to help members of the public find reputable firms to do repair, maintenance and improvement work inside and outside a home.
In order to support this important government initiative the PCA become one of the founder scheme operators. Because of the high standards of service and quality that is expected from PCA members we were then able to extend the offer of TrustMark accreditation to all members.
- TrustMark is an independent initiative created jointly by Government, industry and consumer groups.
- TrustMark is designed to give increased consumer protection to people having work done in and around their homes.
- TrustMark provides a single logo to look out for – a logo you can trust.
- TrustMark registered firms are reputable tradespeople.
- TrustMark is growing – there are thousands of registered firms accessible via TrustMark right now and the number and range of tradespeople will increase all the time.
PCA is committed to TrustMark in order to promote and support its members and their customers with the continued support of the Government, Trading Standards and other consumer groups. It will mean that consumers will never have to run the risk of hiring a rogue trader or cowboy builder.