Book a Meeting
keyboard_backspace Back
A lot can happen between the laying of the foundation and the completion of a building. Builders warranties are designed to give principals and financiers peace of mind that the construction project will be delivered as agreed in the building contract.


How it works

If your builder can’t complete the job (e.g. due to insolvency, death or disability), your warranty company will find another builder to finish it, while also covering any extra costs. Plus, your builders warranty will protect your deposit and cover you for any structural defects, usually for up to 10 years.

Although not compulsory here in New Zealand, being such a robust ‘safety net’, builders warranties are often demanded by banks and insurance providers when buildings are being constructed.

What’s more, your builders warranty can be transferred to the new owner, giving potential buyers greater confidence when purchasing your property.


Get in touch

Like to ensure that your building work is as stress-free as possible, and completed to the highest standards? Please get in touch with the team at Bonded NZ to get your protection in place.

arrow_downward

Latest news

New Zealand business news, insurance insights and more.

View all news
Building a new harbour crossing in a post-Covid economy
18 Nov 2020 The recent accident where the Waitemata Harbour Bridge was damaged by a truck hit by a wind gust has...
View More
Jobless rate jumps to 5.3% with NZ Economists taking steps to dodge unemployment disaster.
12 Nov 2020 New Zealand economists are predicting record unemployment rates in the September quarter. They’re sa...
View More
When will New Zealand’s ‘shovel-ready’ infrastructure projects move forward?
20 Oct 2020 Recently, Auckland returned to Alert Level 3 lockdown status. This move was initiated by the Prime M...
View More

Stay up-to-date

Business news and updates. Subscribe today.

You are subscribed successfully