ber-fri
2010-08-26 08:01:55
- #1
Hello,
to secure the warranty period, our roofer has proposed to offer us a warranty bond from his insurance.
Is this warranty bond just as secure as one from a bank?
If I understand correctly, the warranty bond covers the case that if the roofer becomes insolvent during the warranty period, the amount according to the bond is available for possible defects.
What should I pay attention to with such a bond, as I do not want to have to argue with the insurer in case of an emergency.:mad:
How would something like this practically work in case of an emergency, do I go to the insurer with the bond and then they have to pay?
to secure the warranty period, our roofer has proposed to offer us a warranty bond from his insurance.
Is this warranty bond just as secure as one from a bank?
If I understand correctly, the warranty bond covers the case that if the roofer becomes insolvent during the warranty period, the amount according to the bond is available for possible defects.
What should I pay attention to with such a bond, as I do not want to have to argue with the insurer in case of an emergency.:mad:
How would something like this practically work in case of an emergency, do I go to the insurer with the bond and then they have to pay?