Insurance-backed guarantees, also known as ‘insurance-backed warranties’ and ‘IBGs’ are products that are commonly provided to domestic property owners for a variety of works including building works, double glazing works and, more recently, invasive species control.
Invasive Weed Solutions have been offering insurance-backed guarantees since the company began trading in 2004 and currently offer a range of modern, cost-effective and streamlined plans as part of our membership of the trade bodies INNSA and the PCA.
We provide a guarantee on completion of the works (subject to terms and conditions), and a third-party insurer provides cover on our guarantee, so that any re-growth will continue to be covered by the guarantee if our company ceases trading.
As well as giving you peace of mind, IBGs are often also required by mortgage lenders to secure funding on properties affected by Japanese knotweed.
We can’t provide advice on these products – clients must choose whether a product suits their needs or not – but we can distribute the following information from the suppliers of the insurance products: