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  • Japanese Knotweed Guarantee

Japanese Knotweed insurance backed guarantee

Insurance backed guarantee for Japanese Knotweed

Japanese Knotweed Plus Ltd carry out eradication work to the highest standards using our highly qualified, fully trained professionals. For extra peace of mind, our clients can be covered on request by a 10-year insurance backed guarantee policy for Japanese Knotweed (10-yr IBG). 

What is covered?  The insurance policy will cover treatment/monitoring in the event that our company ceases trading and can no longer implement obligations. Thus, it is different from a standard guarantee often offered by other Japanese Knotweed companies, these will not be valid should the company stop trading. Both domestic and commercial clients may be covered. The policy is bonded to the property/site address and will be fully transferable to a new owner.

Insurer. Peacock Insurance Services Limited, with decades of experience in insurance. 

How is it arranged? Once the client has agreed to employ our company for treatment of Japanese Knotweed a 10-yr IBG policy may be requested. We will make all the necessary arrangements with the insurer and provide the client with the policy within a couple of days FREE of charge. The policy will effectively start from the date of payment or first treatment. 

How it works? In order to make any claim the client should contact the insurer directly. The insurer will request the relevant paperwork (survey report and management plan) confirming the extent of work that has been carried out to date to assist the claim. An alternative service provider will be found to accomplish planned work. 

Buying or Selling Property? Banks and mortgage lenders are still quite cautious if the property is affected by Japanese Knotweed. However, there is no reason for anxiety. Clear management plan on eradication of Japanese Knotweed put in place by specialist company supported by 10-yr IBG from reputable insurer will satisfy any potential lender. 

95% properties where we carry on eradication program are covered by 10-yr IBG policy. No one mortgage application was refused. 

 

Need insurance backed guarantee policy explained?

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