Bushfires and now storms season is upon us

Those who are, Building, renovating or extending are aware that we have bushfires raging in Queensland and New South Wales. But what about Storms? A Study by the NRMA found that in NSW in 2018 and 2019, 61% of all Home Claims were a result of Storm damage. “Our research shows that extreme weather events will disproportionally impact different parts …

Latent Defects for Owner Builders

Why do I need Latent Defects Insurance, my tradies will do a good job? You became an Owner Builder to save money and have the home you wanted. Correct! And Yes, your tradies, on the surfaces will do a good job but what about in 5 – 10 years? It may take years for a structural defect to appear but …

Why Banks and Financial Institutions lending money for building must ensure developers and owners have Latent Defect Insurance before starting.

As the recent Structural Defects that caused the evacuation of the Opal Tower highlighted the problems in the building industry, residents were unable to live in their apartment for months. When a Structural Defect occurs and there is no insurance to rectify the problem, the sales value of the apartments and the equity that the bank or financial institution are …

What insurance is out there to protect me? Structural Defects Insurance

Builders constantly asked us this question, as they are very concerned that if a Structural Defect occurs in 5,8,10 years after completion of the project and they may have retired, they will be sued!! 10-year Latent (Structural) Defects Insurance answers this problem for builders. It is the nature of construction projects that faults and defects caused by failures in design, …

Why Owner Builder’s Latent Defects Insurance is vital!

If you used a builder to build your home and a structural defect arouse e.g. roof sags, you could be waiting for over 3 years for the builder to fix the problem. Luckily for you, you have owner built, so if a structural defect surfaces. E.g. · Waterproofing failure, causing floor and timber rot and warping · Roof, not adequately …

Public Liability Insurance

Is Owner Builder Insurance a grudge purchase? – Part 2

Following on from Part 1, outlined below are more questions you need to be comfortable with prior to purchasing a policy. If you are renovating… Thinking your Home and Contents insurer will cover you when renovating. Most home and contents policies limit or exclude cover when a homeowner undertakes a renovation. In all circumstances you must check with your home …

Tour de Cure jumper

Tour de Cure – Community Partner

As clients of BuildSafe Insurance Brokers, you allow us the opportunity to invest invest back into local communities and partner with great community organisations and charitable events. For the consecutive third year, we are supporting Lindsay and the Peter MacCallum Foundation as he rides 375kms across Tasmania.  Lindsay was going to embark on his journey, but before he did he …

Fire

Fire into Bushfires…Be Prepared this season

Fire into Bushfires! In our series on Fire and the precautions required now that summer has arrived. This great article on Bushfire Preparedness by Zurich Insurance highlights. Don’t forget, if you are Owner Building, renovating, extending that you have Construction & Public Liability Insurance in place, make sure you are covered now – Click here Protect your Home & Investment! …

Home Renovation - cracks

Home Renovating Insurance – Don’t Chance It!

Home Renovation Insurance is becoming more and more popular. Now that home prices are coming down, people are more reluctant to sell so instead of moving they are more inclined to renovate, especially where the home may be over 30 years old, tired and need of a makeover. As the homeowner, you can get very excited in the redesign of …

Owner Builder Study Guide and Insurance

Owner Builders study guide to successful building

Owner Builder’s study guide to successful building! Certificate of Consent! Owner Building is the way to save money when building a new home or renovation. Be prepared, understand your responsibilities, invest the time and money and you will make it a success. The Certificate of Consent program is there to help Owner Builders to successfully navigate the building process. A …