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 …

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 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 …

How to Effectively Resolve Building Disputes

A building disputes can be a stressful event for both the builder and homeowner. When it gets worse, it could be emotionally and financially draining for both parties. Solving your building disputes effectively will prevent your problem from escalating to a worst-case scenario. The sooner you get the solve your dispute, the faster it takes to resume construction or get …