Renovators Insurance for Owner Builders>>>
Renovators Insurance for Owner Builders
Our Policy is designed for the Owner Builder to cover the renovation, existing home and contents.
An Owner Builder is someone who constructs or renovates a domestic building on his or her own land, but is not a registered Builder or in the business of building. This includes renovations, modifications and the very popular updating of home kitchens and bathrooms.
It is essential that you take out public liability insurance, because you could be sued for hundreds of thousands of dollars if someone is injured at or near your building site caused by your negligence or damage to other people’s property.
What’s covered in the Policy:
- $20,000 tools
- Worker to worker
- Adjoining property
- Low excess
- Extendable Policy
- Existing home
- Renovations and Extensions
- Public Liability $5,$10, $20 million
- Water Damage
Why Choose BuildSafe?
Owner Builder Insurance Victoria is the same as Owner Builder Insurance NSW or Construction Insurance QLD. Owner Builders can become confused into thinking each state has a different policy, not so at BuildSafe, we take the confusion out of Insurance, our experience at knowledgeable consultants have been helping and assisting Owner Builders for over 30 years.
Our Policy is Owner Builder specific, unlike other policies that are Builder policies and you pay for inclusions that you cannot claim on!
PLUS our Policy contains some important additional benefits (see Bonus Cover).
Ben Cairns is typical of an Owner Builder who is renovating but ‘thinks’ that his house and Contents policy will cover him.
Ben rang in a sorry state, he had gone to pay his renewal and when he explained that he was renovating and extending his house with a job cost of $125000 he was told he has NO cover, until the job was complete. His House and Contents insurer had a limit of $30K so any work above that (at builder cost) they would NOT cover. Luckily Ben, was able to be covered BUT be aware when renovating – you will probably not be covered by your House and Contents Insurer”.
BuildSafe offer a unique owner builder policy designed for you the owner builder, it includes additional benefits that are specific for the owner builder!
Got a Question about Owner Builder Renovators Insurance? We’ve got the Answer!
So before you buy on price, check to see whether you have cover for –
- Storm and Water damage
- Is Extendable
- Has a low excess (most claims are around $4000)
- Subbies and not excluded
· Public Liability ($5, $10 and $20 million)
- Will cover your existing home
- Contents Cover
- (optional) Voluntary Workers cover
Any defect in the structural works which affects the stability or strength of the building or any part thereof and is attributable to defective design, defective or faulty workmanship and/or defective materials and which;
1. Results in a regulatory authority closing or prohibiting the use of the building or any part thereof.
2. Does or would prevent the continued practical use of the building or any part thereof.
3. Results in destruction of the building or physical damage to the building or any part thereof.
4. Results in threat of imminent collapse that may reasonably be considered to cause destruction of the building or physical damage to the building or any part thereof.
1. All internal and/or external load – bearing structures essential to the stability or strength of the building or any part thereof, including, but not limited to foundations, floors, walls, roofs, columns and beams.
This is known as the under-insuring trap. Do not try to save money by insuring your works for less than the actual replacement cost of a licensed builder carrying out the work. In the event of an indefinable event under the policy, (an event that is insured), and it is found that the sums insured are less than 90 percent of the amount required to be insured, the amount recoverable by you under this policy will be reduced by such proportions as the sums insured bear to 90 percent of the amount required to be insured.
ii. Conduct a thorough safety inspection of the Construction Site prior to beginning any work or delegating any work
iii. Be required to comply with all relevant safety requirements applicable to the work they will be conducting on the Construction Site; and
iv. Be accredited or licensed where applicable for the work they or persons under their instruction and/or employment are performing.
v. Be accredited or licensed where applicable for the work they or persons under their instruction and/or employment are performing.
FIND OUT MORE!
Got a Question?
Have any Owner Builder questions ASK US and we will answer, no strings attached!Ask Us!
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