Why Are Insurance Backed Guarantees Important?

As a consumer it is important to know that you are fully covered should anything go wrong when you are having home improvement works carried out by any trade. Unfortunately the reality is that in most cases you are not, either because the deposit has not been properly protected, or if, you have been offered an Insurance Backed Guarantee policy it could be at the wrong time....usually months after the job has been completed. A guarantee, should be offered up front to you the consumer, this way you should not be open to financial loss should anything go wrong over the course of the project, because you will be protected and therefore eligible to make a claim should you need it.

Most companies wouldn't risk their reputation by not offering a IBG (Insurance Backed Guarantee), they will choose to carry the right credentials and accreditation's and therefore offer what so many others do not - a service that is creditable and guaranteed. In the highly unlikely event that they were to cease treading over the next 10 years, your project would still be covered, as long as you have completed your IBG.

What is covered? A deposit protection is insurance for the deposit that you the consumer pays to secure the work to be carried out on your home. This insurance should minimally cover a deposit of up to 25% of the agreed price with the installation company or ￡7,500 which ever is the lesser. The policy covers the consumer for a period of up to 90 days from the date you pay the deposit.

For example: If you have paid a deposit to an installation company and they then ceases to trade due to liquidation, receivership, administration or winding up the business due to bankruptcy, state retirement or death of the principal(s), the deposit is either refunded to you the consumer in full, or the work is completed by another company at the balance agreed price.

In the unlikely event that the installation company should cease trading, the IBG would cover the following:

"If a fault is discovered in the original works after the contractor has ceased trading i.e. due to Liquidation, Receivership, administration or the winding up of the company due to bankruptcy, state retirement or death of the principal(s) and is therefore unable to honor their guarantee, you would lodge a claim. A report would be prepared by another contractor to determine the cause of the problem and if the fault(s) would have been covered by the terms of the contractors written guarantee then the insurance will meet the reasonable costs of rectifying the defects up to the limited of the original contract price."

What is the Policy Term? Usually the policy term is linked to the number of years guaranteed by the contractor, in most cases this is 10 years and the cover commences from the date the contract is satisfactorily completed. Upon receipt of your signed agreement the Certificate of Insurance is issued.

This guarantee given should be valid the whole time the company is trading and so any valid defects occurring would be corrected by that company, within the 10 year guarantee period.

Important Information: In general, the company used for Insurance Backed Guarantees will not provide customers with a personal recommendation as to whether a deposit protection policy is suitable for their needs.

The Insurance Backed Guarantee company should be authorised and regulated by the Financial Services Authority.

JeaP GB Home Improvements Limited is a London based Double Glazing & Composite Door Specialist Installation Company. Our customers rate our service & products very highly and we have a good number who recommend out work regularly. We offer a range of uPVC products and services, including Double Glazing Installations [http://www.jeapgb.co.uk/], Composite Doors, uPVC Doors, Sliding Slash Windows and Repairs and Refurbishments.

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Keep Important Documents Safe - A Guide

Many of us have a file for our important papers but I wonder if these pieces of paper are a lot more valuable than you might imagine. You may have a passport, social security card, driver's license and birth certificate as most Americans have these. When you realize the large part of your daily life played by these documents, you may find they require quite a degree of respect.

A passport, for example, is issued by a national government and verifies your identity as well as your citizenship. To obtain one, you much provide documents proving your identity and country of origin. Once acquired, a passport is proof of your name, place and date of birth and sex and also provides a photograph as further proof of your identity. Many people think a passport alone will get you into any country but this is not true. It will, however, grant you re-entry into the country of issuance. International travel does require a passport but another very import use for this document is unquestionable verification of identity.

Now let's talk about your social security card. It provides a one-of-a-kind number unique to only you and is required for each and every American citizen. These numbers certainly aid in the assessment of taxes but they also provide identification. They are also used to identify specific records such as medical, financial and educational ones.

To operate a motor vehicle legally in the United States, your are required to have a drivers' license issued by your state of residence. There are also different types of drivers' licenses depending on the type of vehicle you will be operating. A very large percentage of Americans possess a drivers' license and this provides a qualified means of identification as a picture and description are presented on this important plastic card. This form of identification is often requested when purchasing alcohol, tobacco products or when applying for a job. A drivers' license provides a unique opportunity to become an organ donor in case of your death as this can be indicated on the face of your card.

When a child is born, a hospital issues a birth certificate indicating all the important information pertaining to that child's birth. Birth certificates can be in a long or short form and will include a child's name, sex, place and time of birth as well as the names of parents. These are useful in proving identity, citizenship and relationships and are also required when applying for a passport. You might say this is the beginning of your important papers as it is required when getting almost all others including a marriage license, drivers' license and social security card.

As you can see, important papers come in all shapes and sizes but they are all very vital to your everyday living. Keeping them in a safe place is so important that you might even decide to invest in a safety deposit box so they can't be stolen or damaged. If your identity is stolen or if your documents are counterfeited, there would be great cost and stress undoing the damage so keep these documents in a safe and secure location.

US Passport Now is a full service U.S. passport expediting company. With years of experience in passport expedition, US Passport Now ensures a simple, fast and easy solution in receiving your US passport back in time you require.

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