Warranty guarantee - What do I need to consider?

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?

Which insurance company provides the guarantee? The insurers usually pay on first demand waiving all defenses. Maybe have them show you a sample!?

I believe the insurer should be R&V.

By first demand did you mean this:

Means without the defense of prior enforcement. So you do not have to sue the craftsman first and possibly go through a long trial, but can immediately hold the guarantor liable. Must definitely be included in every guarantee.