CONSTRUCTION AND PUBLIC

LIABILITY INSURANCE

New Home Renovations/Extensions


Why would anyone take out insurance if it doesn’t cover real Owner Builder risks. AOBIS policy wordings are in plain English, with no confusing builder terms and definitely no unnecessary cover which adds to premium costs, but are generally irrelevant to an Owner Builder situation.


Owner Builders are ‘typical’ Australian’s who have decided to build or renovate. Insurance cover should recognize the importance of owner building and make reference to particular circumstances that could evolve when a building project goes wrong. The AOBIS Policy wording identifies these peculiarities and makes provision accordingly.


The policy is in two parts – the insurance is site specific – only for that site!


Policy Covers:

Storm Wind & Water Damage
Public Liability Third Party Property Damage
Flood Liability due to Negligence

Automatically Covered at NO additional premium:

Protect existing property contents Already started – commenced works
Materials stored off site for safe keeping Extendable policy period beyond 12 months
Licenced builder to lock up options

Consider the Following Options:

Removal of Debris (10% of sum insured) Already started – commenced works
Professional Fees (10% of sum insured) Expediting Expenses (10% of sum insured)
Increased cost of works (10% of sum insured) Goods in Transit $50,000
Prime Cost items included Mitigation Expenses (10% of sum insured)
Restoration of Records (5% of sum insured) Temporary Protection (5% of sum insured)
Goods in storage cover $50,000 Automatic allowance for excavations for up to 5 meters
Worker to worker protection Sub-contractor liability protection
Optional $20,000 tools cover Queensland is covered
Property in your Care, Custody and Control

Why choose AOBIS?

Low excess available Named Cyclone $5,000
Vibration, removal or weakening of supports and/or underpinning $2,500 Other than, injury to contractor/sub-contractor/labour hire $2,500
Demystifying insurance and protecting you, the owner builder Fast and client focussed claims management
We cover new homes, renovations and extensions, alterations and additions, commenced works, builder to lock up, kit homes and mud brick homes Heritage in Owner Builder since 1996 exclusively building and renovation

FAQ

Frequently Asked Question

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If Owner Builder Warranty Insurance is not obtained and your property is sold you risk fines and penalties of up to $10,000. The prospective purchaser also has the right to pull out of the sale agreement without any penalties.
Obtaining Owner Builder Warranty or Indemnity Insurance is a LEGAL responsibility. As an Owner Builder/renovator it pays to be aware of all your liabilities
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If Owner Builder Warranty Insurance is not obtained and your property is sold you risk fines and penalties of up to $10,000. The prospective purchaser also has the right to pull out of the sale agreement without any penalties.
Obtaining Owner Builder Warranty or Indemnity Insurance is a LEGAL responsibility. As an Owner Builder/renovator it pays to be aware of all your liabilities
Add some content to your accordion item here.
Add some content to your accordion item here.
Add some content to your accordion item here.

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