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INSURANCE
BACKED GUARANTEE
We have all heard of dodgy double-glazing
firms ducking out of their guarantee obligations by
folding the company and starting up again. The modern
remedy is the ‘insurance-backed
guarantee'.
In a nutshell these work because the insurance company,
not the window installer, takes responsibility for
the guarantee in return for a one-off payment and so
will honour it even if the installer ceases to trade.
The guarantee, if you sell your home, is transferable
with no top up premiums.
 Network
VEKA Limited is a member of The General
Insurance Standards Council (GISC) is an independent
organisation which was set up to regulate the sales,
advisory and service standards of members (insurers,
intermediaries - including brokers, agents and anyone
acting for them). Its main purpose is to make sure
that general insurance customers are treated fairly.
You can get a free copy of their private Customer Code
if you ask any GISC member
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