3Under Deposit Assure’s new policy, buyers will be eligible for a pro rata refund of their premium, where your purchase settles more than 6 months before the expiry date of the deposit bond, up to a maximum value of 18 months. To claim the refund, we must receive (a) written proof of the actual settlement; (b) the ‘original’ Deposit Bond; and (c) notice of your intent to apply for a refund within 30 days of the Settlement Date.
Firstly before you apply for your deposit bond, we strongly recommend that you seek approval from the real estate agent, vendor or developer before you lodge and apply for a deposit bond. Important: Many developers for off-the-plan purchases only accept deposit bonds backed by QBE insurance, Deposit Assure bonds are underwritten and backed by QBE. Because QBE is an ‘A+ Stable’ credit rated company, Deposit Assure can provide certainty to developers, vendors, purchasers, legal representatives and real estate agents, that our bonds will be honoured.