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When you enter a contract with a designer through The Happitat, you are automatically covered by our Deposit Guarantee, which covers your first 10% deposit amount, up to $50,000, protecting you against a designer’s insolvency.
Assuming all criteria for a claim are met:
Contract value: S$120,000
Milestone 1: Payment of 10% made in January 2021 - $12,000
In March 2021, the designer has become insolvent and no renovation was done.
Contract value: S$120,000
Milestone 1: Payment of 10% made in January 2021 -
$12,000
In June 2021, the designer has become insolvent and no renovation was done.
Contract value: S$120,000
Milestone 1: Payment of 10% made in January 2021 - $12,000
In July 2021, the designer has become insolvent and no renovation was done.
Contract value: S$120,000
Milestone 1: Payment of 10% made in January 2021 -
$12,000
March 2021, renovation works has begun
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