OWNER BUILDER

WARRANTY INSURANCE

Selling your house in Victoria


Owner Builder warranty is statutory warranty insurance. Home warranty Insurance is taken out by the Owner Builder in favour of the new homeowner (the purchaser of your home).


It is compulsory for all residential building works carried out when:

The project cost (the works) are in excess of $16,000, and,
You (the owner builder) are selling your home within 6 years of the completion of works
AOBIS is Victoria’s Home Warranty centre. Our size is a reflection of our skill and expertise in this ‘specialist’ area of insurance. As underwriters with many years of Home Warranty experience we know a thing or two about the issues and safeguards. What we know will assist (you), the Owner Builder protect their long term Warranty obligations.

Home Warranty is not difficult but it can be complex, so expertise is the key. But also getting the right advice and just any advice will secure peace of mind.

AOBIS is Home Warranty Victoria central – the process is simple and straightforward so Owner Builders don’t need to tear up forests of paper work to meet statutory requirements.

Simply follow the 3 step process and Home Warranty is delivered to your door same day.

Download and complete the Home Warranty Application Form

Attach the following documents:
Building Permit
Final / occupancy certificate
Defects Reports (current)
Drivers Licence
Send your Application Form complete with the above noted supporting documents to AOBIS
When selling a property that has been owner built or renovated you may require Home Warranty insurance if:

It’s a domestic building project and the value of work exceeded $16,000
The construction works were ‘completed’ within the last six years of the proposed sale date. Completion date is the date of issue of the Occupancy Permit (for new dwellings) or the Certificate of Final Inspection (for additions/renovations etc). Where an Occupancy Permit or Certificate of Final Inspection is not issued, or is not required to be issued, the ‘prescribed period’ is seven years from the issue of the building permit, or if a building permit is not issued, six years from the commencement of the works.
Owner Builders must obtain Home Warranty Insurance prior to entering into a contract to sell the property. It is not possible to include a conditional clause in the contract of sale.

It is therefore critical that a Home Warranty Policy is put in place prior to signing the contract of sale. The policy does not commence until the contract of sale is signed.


Policy Covers:

AOBIS policy wordings are in plain English, with no confusing builder terms and definitely no unnecessary cover which adds to premium costs Includes unlimited emergency ambulance cover
Includes unlimited emergency ambulance cover No Medicare Levy Surcharge on your tax bill if eligible
Access private hospital accommodation No Lifetime Health Cover loading fees if you have Hospital Cover by July 1 following your 31st birthday

FAQ

Frequently Asked Question

Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown
printer took a galley of type and scrambled

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.
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.

NEWS

Latest Blog Articles

Have any question or need any Consultation?