Guarantee Protection Trust
The Guarantee Protection Trust
About the GPT/GPI
The Guarantee Protection Trust was formed in 1983 by members of the BWPDA who were unhappy about the quality of guarantees offered in the market place.
It was described by the then Director-General of the Office of Fair Trading as "landmark in the field of consumer protection"
The Security
Some non-GPT members do acknowledge the need for further security and have arranged for other companies - often their chemical suppliers - to stand behind their guarantee. However, most are still not secure because:
- They rarely have proper contingency reserves to meet any claims (especially the smaller manufactures)
- Big companies can change hands, sell up or go bust
- Remember if you are not paying Insurance Premium Tax (IPT) you are not buying insurance!
So despite appearances, your guarantee could still turn out to be worthless.
The GPI Difference
GPI is an authorised insurance company
- Regulated by the Financial Services Authority
- Access to the Financial Ombudsman Service in cases of dispute
- Full insurance cover
- Contingency reserves of over £3million
- It is the property that is insured, therefore if you sell on, the cover automatically transfers at no extra cost, adding value to your sale.
In addition, as GPI guarantees are only available through properly qualified and approved members of the BWPDA, you have the further assurance that the work you need will be carried out safely, efficiently and under an approved Code of Practice.
Contact us
Contact Rentacure Ltd today for dry and wet rot treatments in Witney and throughout the surrounding areas on 0800 317763.