Guarantee Protection Insurance Ltd (GPI) is a UK domiciled; FSA regulated general insurer and part of Kinnell Holdings Ltd. It is able to carry out business in both the UK and Republic of Ireland. GPI is able to write cover for periods up to 20 years for a single premium and licensed for Miscellaneous Financial Loss, Fire & Natural Forces and Damage to Property insurance classes. The following product types are available:
This is the cover upon which GPI was founded. We believe our experience and knowledge of this field to be unsurpassed. IBG provides cover to back the builders Guarantee in the event that the builder is no longer trading and a failure to the build occurs. GPI presently underwrite IBG’s for Glazing, Roofing, Waterproofing, Timber treatment, Renovation work and Solar Installations but potentially we can insurance any guarantee in the event the provider is no longer trading.
GPI provide cover to industry standards and exceed Mortgage lenders expectations for latent defects cover which are often a requirement to provide finance for new build properties.
In relation to new build this is a ten year cover which comprises initial cover of the deposit and work in progress, followed by the initial 2 year comprehensive cover should the builder cease to trade followed by 8 year major structural damage (whether the builder has ceased to trade or not). Benefits include sound transmission, Alternative accommodation and contamination.On the general building side we offer the same type of cover but in periods relevant to the work. Two years (6 months full cover + 18 months Major defects) on small works. Six years (2 +4) on extensions and the like and then 10 years (2+8) on major renovations.
GPI have within the management team over thirty years’ experience underwriting extended warranties on domestic products from White and Brown goods to Heating. We have dealt with some of the largest manufacturers of these products in the UK and have extensive knowledge of these market places.
We go beyond the standard annual plan scenario and consider longer term cover. We can help with underwriting extensions to your own manufacturer’s warranty, in house schemes, or service plans to offering in conjunction with our group company Warranty Services Limited a comprehensive sales and marketing approach.
GPI bring the experience gained in the extended warranty market place to new technologies. We underwrite long term cover on residential and commercial installations for the following renewable products
- Heat pumps comprising Ground Source, Air Source and Exhaust.
- Solar thermal and Solar PV panels.
- Wind turbines.
Why not give us a try? Fill out our online enquiries form and one of our team will get back to you.