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Owner builders are in the same position if they fail to take out a signed contract with a registered builder

It’s surprisingly common for home owners to engage builders to undertake domestic building works without that arrangement being supported by a written building contract. Sometimes the only documentary support is a written quotation, which may not be compliant. Home owners may be tempted to agree to go ahead in such circumstances and not “rock the boat” by requiring the contract …

Are you building through the Bushfire Season?

Make sure you have Construction and Liability Insurance and that you have not underinsured. 40% of people who claimed their Policy from the bushfires of last summer were in fact underinsured. On top of this, we were inundated with calls for insurance in bushfire areas as the fires approached. However, insurers had embargoed the bushfire locations and we were unable …

Another bushfire season is approaching- be prepared

Large parts of NSW west of the Great Dividing Range, along with grassland areas in the ACT and north-eastern Victoria face above normal fire conditions this coming summer, according to a new weather outlook released today. Some southern areas in SA and WA are also at risk, having missed out on recent heavy rainfalls that have left huge portions of …

Home Indemnity Insurance WA

Are Owner Builders required to obtain Ministerial Exemption if they wish to sell their home within the first 3 years? Owner Builders – No Registered Builders – Yes Owner-builders are responsible for the building work carried out for a minimum of six years. If the owner-builder sells the home within seven years from the date of a building permit being …

Owner Builder COVID-19 Worksite guide

As an Owner Builder you are responsible for having a safe worksite and this is also the case for Covid-19. The Building industry has been classified as an essential service and you (Owner Builder) are required to protect tradesmen who are coming onsite to build your home. By planning job flows, limit that number and time on site of your …

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 …