Eligibility and Warranty Insurance

Why should I choose BuildSafe Insurance Brokers?

To make your job easier BuildSafe staff and management deliver the following benefits:

1. Trained and competent staff to assist you in getting the right insurance at the right price
2. In-house underwriting and document processing. Insurance certificates issued immediately (subject to criteria)
3. All work is completed in house with smart IT systems driving the process. Maximum security and prompt service levels is what you get
4. Experienced with over 14 years in Home Warranty Insurance
5. Personalized assistance - our insurance consultants will assist you directly - hands on
6. Our Team member will on your agreement work with your finance people to ensure we obtain the best outcome for you and your business
7. Periodical Insurance and job limits reviews to ensure you and your business remain at the lowest cost points
8. Regular industry updates to keep you informed on new developments, ideas and case studies

How to complete the Eligibility Assessment

Home Warranty Insurance is designed to protect the home owner in providing security that a Licensed Builder will complete the work and will be around for a six year period to remedy any defects or problem areas. The insurer therefore must be satisfied that the Licenced Builder is reputable with a history of completing building works in accordance to the building standards and financial expectations.

Obtaining Home Warranty Insurance is a straightforward process - just that many Insurance companies make it hard for the Builder. Not so at BuildSafe Insurance Brokers. We'll help and get our hands dirty.

Licenced Builders financial position and history is an important consideration in the obtaining Home Warranty Insurance. Licenced builders will need to demonstrate financial robustness in the following areas:

These factors are:

1. Gross profit margin
2. Debtor collection days
3. Creditor payment days
4. Turnover growth
5. Changes to work in progress
6. Builder size and areas of construction activity
7. Length of time in the industry
8. Adverse commercial and claims information
9. Frequency of financial reporting
10. Job costing system

For Eligibility & Warranty Insurance Product Disclosure Statement & Policy Wording NSW- Click here

For Eligibility & Warranty Insurance Product Disclosure Statement & Policy Wording VIC- Click here

For Eligibility & Warranty Insurance Product Disclosure Statement & Policy Wording WA- Click here

Before making a decision about any of our products, please read our Financial Services Guide - Click here

Eligibility Application NSW                  Eligibility Application VIC             Eligibility Application WA