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What covers « the Insurance backed guarantee » ?
This warranty covers the financial consequences of the contractual commitment of guarantee taken by the Policy Holder against defects of the products and/or their application which may be appearing after handover of the works.
This commitment relates to the costs, under the insurance conditions, of reparation and/or replacement (materials and labour, scaffolding) of the warranted applications to the exclusion of any direct or indirect consequence.
The guarantee has duration from 1 to 10 years