Buying Your IBG - Have You Received An Offer Letter?

If you have received an offer letter, or would like to purchase an Insurance Backed Guarantee relating to work that has been recently performed, please contact our insurance team on 08707 38 48 58 .

Insurance Backed Guarantees Protect Home Owners From Insolvent Tradesmen

Although a home improvement is one of the safest forms of financial investment, there is one pitfall that is often overlooked:

Did you realise that although a contractor’s personal / company guarantee can cover faulty workmanship and materials, is is only valid if the company has not ceased trading.

Every year thousands of businesses close due to bankruptcy, liquidation or even death of the proprietor. A HomePro Insurance Backed Guarantee (or IBG) will protect your financial investment by matching the terms of your contractor’s original guarantee should they have ceased to trade. *So, if they are no longer in a position to honour a claim – your project will still be protected.*

*The IBG can protect your project from deposit to completion and beyond and it can cover stage payments made to your contractor and the work in progress. HomePro will even help you to find a new, approved contractor to commence or recommence the project, if your original contractor fails to complete.*

Remember - many homeowners assume that they will be covered by their home insurance policy but sadly this is rarely the case as contents and building insurance only cover accidental damage to property and not materials or workmanship.

The IBG can also be transferred to any new owner of your property,** which is a great asset if you decide to sell your home.

Businesses that can offer an IBG as part of their service can be identified on the “Find A Pro” directory by the HomePro Insurance logo displayed at the top right of the business listing or be sure to ask your contractor before accepting their quote.

Choose an award winning HomePro Insurance Backed Guarantee for your peace of mind.

*Subject to trade, terms of the Master Policy and policy type.
**Provided that the Contractor’s written guarantee is also transferable.

For more information on IBG's, Click here to visit our insurance site.

Please note that this website is designed to provide you with general information only and does not attempt to give you financial advice on any particular aspect of home improvement or insurance related products. If you have any doubt about your specific finance or insurance needs consult a financial advisor.

HomePro Ltd, Suite 40B, Port of Liverpool Building, Pier Head, Liverpool, L3 1BY
HomePro is the trading name of HomePro Ltd. Registered in England Company Number 3833783
HomePro Ltd is authorised and regulated by the Financial Conduct Authority, FCA Number 304449
General Enquiries: (+44) 0800 131 0123 - Membership Enquiries: 0800 131 0500 - Fax: (+44) 0800 131 0900