ONLINE STAMFORDINSURANCE.CO.NZ | FREEPHONE 0800 927 0100
Your new home will be covered by our
Comprehensive 10 Year Warranty.
When buying a new home, it’s important to ensure that your
investment is protected with the best warranty available in case
problems arise after completion.
Your builder/developer has made sure you have the peace of mind
of our 10 Year Building Warranty Insurance.
The policy will protect you as the purchaser and any future owners,
so it also improves your investment if you ever decide to sell.
Because it covers defects in design, materials or workmanship, it
means that any major problem is likely to be covered.
New Zealand’s most
Comprehensive
Building Warranty
Stamford is a Registered Financial Adviser and a leading provider of Insurance to the building industry.
Since 2014 we have specialised in Building Warranty Insurance, and our policies continue to offer New Zealanders the widest
cover available, backed by the security of one of the World’s leading insurers. Stamford is owned and managed by insurance
professionals with many years’ experience, and we are committed to delivering outstanding cover and service.
This is a summary only of the policy cover – for more information or a policy wording, contact Stamford Insurance.
A NEW HOME?
THINKING OF BUYING
ONLINE STAMFORDINSURANCE.CO.NZ | FREEPHONE 0800 927 0100
Protecting Your Investment Our Standard 10 Year Warranty
Our policy provides the highest standard of Building Warranty
and Latent Defects Insurance for residential property of all types,
including single homes, townhouses, apartments and renovation or
re-clad projects.
It covers Damage and the cost to rectify defects due to:
•
Defective design or specification
•
Failure of products and materials
•
Defective workmanship
Improves Resale Value
Defects Insurance Period - 2 years
For 2 years from the date of completion the builder or developer
is responsible for rectifying defects in the property. If they fail to
remedy defects in the home for which they are responsible we will
pay for another builder to carry out the works.
Structural Insurance Period – 8 Years
For a further 8 years from the end of the defects insurance period
we will pay to rectify major structural defects in the property,
including weather-tightness issues.
Extensions Included
If you sell your home your warranty can be transferred to the new
owner. This is certain to give potential buyers greater confidence in
your home.
Index-Linked Cover
•
Cost of alternative accommodation if the residents have to move
out during repairs (Limit $25,000)
•
Professional fees 5%
•
Removal of debris 5%
Our policy is based on the full construction cost and will be linked to
the Building Price Index to ensure that your cover keeps pace with
inflation (maximum 5% pa).
This is so important when you consider that a claim could occur
towards the end of the 10-year term.
A, A- (Excellent)
B, B- (Fair)
C, C- (Weak)
E (Under Regulatory Supervision)
The AM Best Company financial
strength rating scale is:
Pacific International has a financial strength rating of ‘B++
Good’ from AM Best
Pacific International Insurance Pty Ltd (Pacific International) has been helping New Zealanders protect what is
important to them for over 20 years.
NEW ZEALAND’S MOST
COMPREHENSIVE
BUILDING WARRANTY