An introduction to help you choose from the different levels of cover available by Zurich Insurance…

MasterBond 2

MasterBond 2 is our entry level warranty specifically tailored in terms of time periods to cater for those smaller developments where additional assurance is required in order to protect your investment. The product may also be used for larger developments where a cost effective short term warranty solution is required.

MasterBond 2 will provide protection against the following:-

1) Loss of deposit and/or liquidation during construction up to 10% of the insured value of the works.

2) Six months protection against physical damage or major physical damage resulting in your builder failing to comply with regulations or codes of practice or matters which create a danger to the health and safety of the ccupants as defined by the policy

3) Eighteen months protection against major physical damage or matters which create a danger to the health and safety of the occupants as defined by the policy.

4) Protection from events occurring as a result of any failure to deal effectively with any contaminated land within the footprint of the building.

MasterBond 6

MasterBond 6 is the mid range warranty and is suitable for all types of development ranging from the smallest porch or internal alteration up to large extensions or loft conversions. The warranty provides the same levels of protection as MasterBond 2 but the period of cover is much greater.

MasterBond 6 will provide protection against the following:-

1) Loss of deposit and/or liquidation during construction up to 10% of the insured value of the works.

2) Two years protection against physical damage or major physical damage resulting in your builder failing to comply with regulations or codes of practice or matters which create a danger to the health and safety of the occupants as defined by the policy.

3) Four years protection against major physical damage or matters which create a danger to the health and safety of the occupants as defined by the policy.

4) Protection from events occurring as a result of any failure to deal effectively with any contaminated land within the footprint of the building.

MasterBond 10

MasterBond 10 is the flagship of the warranty portfolio and provides cover to your development at similar standards to those which you would expect from a new house. The cover is for a full ten years and yet the cost is still only modest by comparison. MasterBond 10 is suitable for those that require long term protection and wish to add value to the property.

MasterBond 10 will provide protection against the following:-

1) Loss of deposit and/or liquidation during construction up to 10% of the insured value of the works.

2) Two years protection against physical damage or major physical damage resulting in your builder failing to comply with regulations or codes of practice or matters which create a danger to the health and safety of the occupants as defined by the policy.

3) Eight years protection against major physical damage or matters which create a danger to the health and safety of the occupants as defined by the policy.

4) Protection from events occurring as a result of any failure to deal effectively with any contaminated land within the footprint of the building.