CPA Deposit protection

All CPA members taking a deposit can offer protection.

Many trades require to take a deposit before starting a job, this is usual practice. Making sure your deposit is insured is essential, if it is not and the company fails you will lose your money.

The CPA deposit protection scheme is insurance for the deposit you pay to secure the work to be carried out on your home.

This insurance covers a deposit of up to 25% of the agreed price with the company or £7,500 which ever is the lesser.

The policy covers you for a period of up to 90 days from the date you pay your deposit. If you have paid a deposit to a company who then ceases to trade due to liquidation, receivership, administration or winding up the business due to bankruptcy, state retirement or death of the principal(s), your deposit is either refunded to you in full, or the work is completed by another company at the balance agreed price.

Important Notice:
You MUST register your deposit, otherwise you will not be covered. When paying your deposit, you must ask the CPAmember for a Deposit Registration form. This must be returned to us by recorded delivery within 7 days.

Important Information:
The Consumer Protection Association will not provide you with a personal recommendation as to whether Deposit Protection is suitable for your needs.

The Consumer Protection Association is an appointed representative of CPA Consumer Guard Ltd who are authorised and regulated by the Financial Services Authority.