black claw hammer on brown wooden plank

Building or Renovating?

Owner Builders are you fully covered? Protected? Insured? Bushfires focus a lot of attention on whether owner builders have adequate or even have Construction and Public Liability insurance in place.  During the latest summer bushfires, we were inundated with calls from owner builders/renovators seeking insurance, in a lot of cases it was too late as insurers had placed embargos on a number of postcodes.  …

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 …

Renovating? Are you fully insured?

Don’t let the excitement of a new renovation blind you to the major problems you can have if the correct insurance is not in place. Everyone watching ‘The Block’ or Grand Designs gets excited about renovating, whether to update or extend due to new family commitments or as a way of increasing the sales value of the property. But, in …

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 …

Buying an Apartment?

Does it have Latent Defect Insurance Protection? The big Question you should ask before you buy an Apartment! Confidence to buy an apartment is at an all-time low, with the issues regarding cladding and structural defects causing evacuations with untold misery to the owners and tenants. How can I protect myself in the event that an unforeseen Structural Defect occurs …

Forcible and Violent entry: What does it mean?

Owner Builders like, tradespeople are all too often victims of theft, given their work on unsecure building sites with expensive tools.   While many insure their tools, it’s essential to understand how ‘forcible and violent entry’ works in the event of a theft and subsequent claim. Here at BuildSafe, we explore why some claims are successful and some are not with its provider.  If tools left in …

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 …

Owner Builders Bundle and Save $250 on your Building Insurance

Stories abound of owner builders who took short cuts when it came to insurance when building and lived to rue the day!! For a start, if you under insure when buying Construction and Public Liability Insurance, you will only receive a portion of the payout you expect if you make a claim. If you sell your home and a Structural …