- Members may also offer their homeowners the optional Deposit Protection coverage.
- It provides protection up to a maximum of $20,000.00
To qualify for the coverage, your deposit must be paid directly to your builder who will request the deposit protection certificate at the time your home is enrolled.
The program will provide you and your builder with a copy of the certificate that verifies the amount of the deposit;
The certificate provides coverage due to bankruptcy, insolvency or fraud on the part of the builder.