Home Warranty Insurance (when building)

An Owner Builder cannot take out Home Owner Warranty Insurance in their own right whilst building. Only a licensed builder or licensed tradesmen can issue Home Owner Warranty Insurance for contracted work exceeding $12,000 for labour and materials. (If you are a licensed builder or licensed tradesmen, we can help you organise 'eligibility' and the issuing of Home Owner Warranty Insurance, see our Builder's Insurance and Tradesmen's Insurance Sections)

What an Owner Builder can and must do, for contracted work with a licensed builder or tradesmen greater than $12,000, is to have them (insist) to take out and issue Home Owner Warranty Insurance on the work which they are carrying out before work commences. By collecting these individual Home Owner Warranty Insurances, not only are you protecting yourself for workmanship and materials carried out within the insurance period which forms part of Home Owner Warranty Insurance,  but if you sell your house within six (6) years of the issuing of a Practical Completion or Occupancy Certificate by your local council, and if in your State you are then required to take out Owner Builder Home Warranty Insurance, then these previously issued insurances will form part of the documentation when applying for Owner Builder Home Warranty Insurance (when selling), and your liability will in all probability exclude work where you are holding correctly issued Owner Builder Home Warranty Insurance from these licensed third-party builders or tradesmen.

Again in those States (for example in ACT, NSW VIC and WA) where it is compulsory when selling your Owner Builder home or minor project within six years of the council issued Certificate, we can help you organise the Owner Builder Home Warranty Insurance (when selling), together with the pre-requisite Defects Report, which are required to be included when preparing the Contract of Sale.