Idaho Roofing Costs, LLC ("IRC"), as an Idaho limited liability company, does hereby agree to indemnify each person who provides payment to a IRC contractor (the person providing payment hereinafter referenced as "Payor"), up to the sum of $25,000 in compliance with this Guarantee Agreement – see Pars. No. 4 and 5 below for Coverage and Exceptions. See Par. 7 for a description of payment terms.
"IRC Contractor" shall include any contracting business or sole proprietor identified on any idahoroofingcosts.com webpage or otherwise introduced and identified to Payor as long.
IRC will indemnify Payor up to the sum of Payor's payment made to a Directorii Contractor or the sum of $25,000, whichever is lower, if any of the following triggering events is demonstrated by Payor to have occurred:
IRC Contractor is demonstrated to have shut down its business, either formally or via abandonment, within thirty (30) days of Payor's payment and without commencing any work within 30 days or as was required by Payor's written agreement with IRC Contractor.
IRC Contractor is demonstrated to have performed services and/or installed products in non-compliance with Payor's applicable building code or in non-compliance with a product manufacturer's specifications.
This Guarantee Agreement is meant to protect a payor to a IRC Contractor from (a) fraudulent contractors and (b) negligence requiring the demolition and redo of services performed on account of the noncompliance listed in Par. 2(ii) above. It is not intended and does not cover (a) cosmetic issues, (b) clean up problems, (c) disputes regarding insurance scope, payments or deductible issues, or (d) customer service issues such as tardiness, rudeness, response time or similar items.
Upon receiving a written claim submitted by email or via another process confirmed to commence a claim by a IRC email or text to Payor, IRC will investigate for purposes of adjusting the claim for payment as defined in Par. 7 below. Payor understands that Payor's agreement to be interviewed and make him or her available for interview within a reasonable time period is a precondition to coverage being adjusted and any payment issued by IRC. IRC shall adjust and provide its coverage conclusions, in writing, to Payor within 30 days of a valid claim submission, unless IRCC provides Payor with written/electronic notice that an additional 30 day investigation period is required.
The term "payment" as used in this agreement means remittance to any party, of either the sum Payor paid a IRC Contractor or $25,000, whichever is less, for purposes of the performance of contracting services originally agreed via written agreement by IRC Contractor. In the case of a claim under 3(ii), payment may include providing Payor with $25,000 in services performed by a contractor chosen and paid by IRC. The intention of any payment is to make Payor whole in the receipt of services intended to be completed by any payment to a Directorii Contractor.
Payor understands that the adjudication of any dispute involving Payor’s claim shall be brought in the courts of Idaho, and that by submitting a claim to IRC, Payor agrees to the personal jurisdiction of Idaho's courts.