Norwegian Surety and Defects

CGICE has entered into an agreement with a specialist producer to underwrite the following 3 main products:

  1. A bond to provide security for the purchaser of a new property/home. The bond guarantees up to 5% of the sale value of the property for a period of 5 years’ post-completion. The bond also guarantees against building defects that may occur to the property during that period.
  2. A bond to guarantee the customer’s down payment / deposit on the property replacing the need for a deposit bank account during the construction period.
  3. A bond to guarantee the developers’ risk and responsibility towards sub-contractors as part of the master contract. This is typically between 10-20% of the total contract value.

Contact CGICE

T +350 (0)200 47250
E enquiries@cgice.com

Suite 3A
Centre Plaza
2 Horse Barrack Lane
Main Street
Gibraltar

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