As we’ve seen recently, when developers and builders go into liquidation, the danger for your customers is that their cash deposit could potentially be tied up for years as the liquidation plays out.

 

Even worse, their cash deposit could disappear – check out this recent news article here

So in the current market when you are acting for purchasers buying an unregistered property, give them the option of considering a smarter alternative to paying cash – deposit bonds.

REMEMBER – Vendors can only make a valid claim on the deposit bond, if the purchaser is in default. They cannot claim when they are in default.

This gives your customers peace of mind, knowing they won’t lose their cash deposit in the event the builder or developer goes into liquidation.

And when you need a deposit bond, make sure you go with the strength and protection of QBE Insurance (Australia) Ltd – the only deposit bond in the market place backed by an APRA regulated and S&P ‘A+’ rated insurer;

 

For any queries on this, or for any deposit bond enquiries, please reach out to Cath or Bella as follows:

success@depositassure.com.au or 1300 798 797 (Option 1)

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