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 …

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

Defective Imported Building Products

What to watch for when building your home, read on! The increasing prevalence of leaky, toxic and downright dangerous buildings has put defective building products in the spotlight in Australia and New Zealand recently. Below-standard plasterboard, inflammable exterior cladding material, and problems with structural steel prone to failure are all creating liability concerns across the region. In Australia’s regions of …

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 …

employees subcontractors

Employees, subcontractors and contractors

Wake up call to all builders and owner builders, in the event of an accident onsite and how the court apportioned the percentage of liability. Please read. Article by Vidal Hockless and Sophie Nauwelaers, Kott Gunning CASE SUMMARY: COOTE V TERRY’S CRANE HIRE & CGU INSURANCE & DEBRI PTY LTD This decision of Bowden DCJ, although at first instance, is instructive as to the …

What to watch out for when purchasing a home or apartment!

Original article on The Age  Melbourne’s surging population in recent years has had a number of ramifications. The impact is being felt on the transport and health systems, and the transformation of the city skyline through at times short-sighted development. Much of this has been well documented, though not resolved. Less understood is the damage being done in the rush …

The Uninsured Handyman: A risky venture that’s not worth the gamble

If you turn on the telly these days, it’s plain to see that DIY home improvements are all the rage across Australia. But contrary to what reality shows would have you believe, not everyone is born with natural do-it-yourself abilities. In fact, some homeowners would just as soon attempt brain surgery before picking up a circular saw! Remember Frank Spencer? …

3 Vital questions you MUST ask your builder before renovating!

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 …

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 …

Protection of adjoining properties

Article: Victoria Building Authority What have we found? The VBA’s Proactive Inspections Program has identified sites where excavation work has been completed without the required protection measures in place to protect adjoining properties from the effects of unstable site cuts, such as retaining walls/site batters. In many instances, these situations are identified a few months into the building process. Remember, …