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, …

6 reasons why the smart Owner Builders have Latent Defects Insurance

You don’t have to be Einstein to understand that on building sites things can go wrong and especially you being an owner builder and not skilled in or present when the slab is poured, the frame and roof and built, the waterproofing done, correctly. This is why Owner Builder Latent Structural Defect Insurance is vitally important for you, the Owner …

Why your Builder needs to offer Latent Defects Insurance!

Has Your Builder Offered Latent Defects Insurance to protect you if a structural defect occurs in the next 10 years? Building or renovating or extending your home is a big investment, but what protection do you have if a structural defect occurs? For Example: · Waterproofing failure, causing floor and timber rot and warping · Roof not adequately framed and …

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 …

The Tour de Cure Tasmanian Tour 2018

Update on our recent post on Tour de Cure – Community Partner We are happy to announce that Lindsay finished The Tour de Cure Tasmanian Tour 2018. The tour saw 102 Riders, 36 Crew. 3 days 495kms, 4,880 m elevation and raised $501,000 for cancer research. We spoke with Lindsay shortly after and he had these were some of his …

What is Underinsurance and how could it effect you as an Owner Builder?

Owner Building is a fabulous way to improve family finances, by investing in your home without paying the 30+% Builders margin, it will set you up for future financial independence. This is not to say building your own home is easy, but depending on how you go about it, if you have experience or you use a project manager will …

Home warranty

What is Home Warranty Insurance?

Can be called a number of different names, Residential Home Warranty, Home Indemnity, Home Owners Warranty, Domestic Building Insurance…. Whatever the phrase used, Home Warranty insurance is for the benefit of the purchaser. Whether the home/renovation/extension is built by an owner Builder or Builder. Depending on what state, the minimum cost of works is e.g VIC $16,000 above that amount …