Forest Dampbusters Insured Guarantees

On completion of any damp-proofing or timber treatment work we will issue a twenty year guarantee against the recurrence of rising damp, woodworm or wet/dry rot.
As a precaution against Forest Dampbusters being unable to honour their guarantees due to insolvency or ceasing to trade guarantees can be insured so that guarantees are still honoured by the underwriters of our guarantees.
For a small one-off fee Forest Dampbusters can arrange insurance backing of all damp-proofing and timber treatment guarantees. These guarantees are issued and administered through Construction Guarantee Services (CGS) who an Appointed Representative of Guarantee Protection Insurance which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority.
Benefits of Construction Guarantee Services (CGS)/Guarantee Protection Insurance (GPI)
Guarantee Protection Insurance Ltd (GPI) is a UK based general insurer authorised & regulated by the Financial Services Authority, which commenced underwriting in 2002 taking over the well-established insurance backed guarantee business of Guarantee Protection Trust.
GPI specialise in the provision of insurance backed guarantees, which is an insurance product specially designed to protect consumers who ¬find themselves in a situation such as that detailed above.
How it Works
If a defect covered by Forest Dampbusters original written guarantee develops and Forest Dampbusters has ceased to trade, a GPI insurance policy will pay for another contractor to remedy the works. In simple terms GPI insures your guarantee.
The GPI insurance policy provides insurance cover which relates to the property rather than the owner which means if you sell your property the guarantee can be passed to the new owners subject to certain conditions.
What it Covers-GPI can offer insurance for guarantees issued on wood-boring beetle, wood rot, rising damp, replacement wall ties and structural waterproofing.
The Main Benefits of using CGS/GPI

  • A one A one of premium payment will protect your guarantee for 10 or up to 20 years
  • Purchasing GPI insurance may assist in the future sale of your property, providing the property purchaser with a guarantee from the contractor and additional insurance
  • GPI insurance is freely transferable to future owners should you sell your house (reassignment of the contractors guarantee may be necessary)
  • An Insurance policy is provided specifically for each individual property
  • GPI are a UK based insurance company, which is authorised and regulated by the Financial Services Authority (FSA)
  • Access to the Financial Ombudsman Service (FOS) & Financial Services Compensation Scheme (FSCS)

 Construction Guarantee Services CGS/GPI Guarantee V ‘Insurance backed guarantees


Insurance protection for damp-proofing and timber treatment CGS/GPI Guarantee Insurance-backed guarantees
Actual Insurance Period 20 years usually 1 year
Protects against contractor failure for any reason YES Rarely
Insurance Premium Tax applied YES Rarely
INSURANCE Certificate for EACH property YES NO
Authorised and Regulated by the FSA YES NO
Access to Ombudsman YES NO
Approved by the Office of Fair Trading YES NO
DTI Approved underwriter for TrustMark YES NO
NHBC & Zurich Approved YES NO
Member Financial Service Compensation Scheme* YES NO
Over £6,000,000 in assets reserved for claims YES NO

*This means that even if the GPI goes out of business you will receive the full amount of compensation up to £2000 and 90% of anything above £2000.
These CGS/GPI insured guarantees are the only twenty year guarantees available for damp-proofing and timber treatment and no underwriters will offer 30 year terms of insurance for damp-proofing or timber treatments