The Importance of Deposit Protection Insurance

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The Importance of Deposit Protection Insurance

A few garden room companies have ceased trading this year and we have recently met several clients who have lost large deposit payments.  This is very distressing, so it is important that you ensure you are protected from such a loss.

EGR are accredited members of the IWA, who offer a comprehensive deposit protection insurance.

IWA are FCA regulated and covered by the Financial Services Compensation Scheme.

With deposit protection insurance, your deposit payments are covered should the company you have chosen to build your garden room ceases trading.  In the event of this, they will either refund your deposit or organise another company to complete the project.

Deposits of up to 25% of the project cost are covered. This deposit payment is made to secure your place in the order book and to pay for materials on your project.

EGR cover your deposit automatically and remember we are an established company who have been trading for 10 years.
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