Its great, you are about to start, the renovation is going to look great, BUT…….. Is your home insured? Sure, the builder has insurance & you have home and contents insurance BUT are you insured while the renovation is being built? These are the questions you must ask your builder – Have you insured the renovation? Have you insured my …
When cheap is expensive!
When buying Owner Builder Insurance Everyone wants the cheapest price but in assuming all Owner Builder policies are the same will cost the Owner Builder in the event of a claim. And why else do you buy insurance – so in the event of a claim you will be compensated? Underwriter statistics show that (50%) of all Owner Builder claims …
Quantity surveyors may be liable for deficient valuations – LM Investment Management v BMT
Colin Biggers & Paisley Pty Ltd – by Julian Mellick, Teodor Lomaca, Kyle Berger In brief – Property development financier successfully sues for breach of duties Quantity surveyors who overvalue the extent of construction work performed can be liable for a financier’s losses on the project, even if those losses have other causes. The NSW Supreme Court case of LM Investment …
Leaks, water damage can be major cost for apartment owners
Property Observer – Robert Caulfield Water leaks and water damage have been highlighted as a common and major maintenance issue for apartment buyers and owners, which can cost thousands of dollars to repair. Faulty workmanship, poor design or poor quality materials and ageing are the major factors in apartments or high rise buildings developing water leaks. Water leaks are one …
Who is responsible for insurance for Pre-existing property during House Renovation and Extension Building works
Article by Reef Coast Construction Just whose responsibility is it, to arrange insurance cover for pre-existing buildings and their contents, during House Renovation and Extension Building works? This is a question regularly posed by both builders and property owners alike and the answer is really quite simple; It is the responsibility of the property owner to effect and maintain insurance …