The Guarantee at a glance
If your NZCB builder is using an NZCB Building Contract online, your Halo Guarantee Application is automatically sent to Halo Guarantees Limited. If your NZCB Builder is using an NZCB hardcopy Building Contract or another type of Building Contract, then you will manually have to complete a Halo Guarantee Application form.
|Halo 10-Year Residential Guarantee||Cover time frame||How much are you covered for?|
|Ensure your Halo Guarantee Application has been sent.||You must apply before building work starts|
|Guarantee Acceptance: We will let you know when your guarantee has been accepted (after processing your application and payment of the guarantee fee is received) in the form of an electronic letter||The Halo Guarantee commences on the Possession Date or the Completion Date (whichever is the earlier) and ends on the 10th anniversary of that date|
|After building work is completed|
|Materials and Workmanship defects [Structural and Non Structural]||You are covered for 2 years after building work is completed||Maximum total for all claims over the life of the Guarantee = $1,000,000 incl. GST or value of Building Contract, whichever is the lesser*|
|Structural defects||You are covered for the next 8 years from Guarantee Acceptance||Maximum total for all claims over the life of the Guarantee = $1,000,000 incl. GST or value of Building Contract, whichever is the lesser*|
|Temporary accommodation during remedial work||During remedial work||Covered up to 26 weeks|
|Selling your property|
|The Guarantee will be automatically transferred to a new Owner multiple times during the life of the Guarantee||Transferring the Guarantee does not extend any of the timeframes above|
* Maximum single claim $250,000 incl. GST or value of the Building Contract, whichever is the lesser.