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Paragraph 17 Permitted excesses

Original text. Later amendments are not shown.

(1)

Subject to sub-paragraph (2), the new homes warranty may contain either or both of the following terms—

(a)

a term requiring a contribution to be paid by the policy-holder in relation to any claims made under the new homes warranty; or

(b)

a term requiring a minimum financial value to any claims made by the policy-holder under the warranty.

(2)

The contribution or value required in each of the sub-paragraphs (1)(a) or (b) must be no more than £1,000 plus the annual increment.