Builder Warranty Insurance

Important Information about Builder Warranty Insurance

Builder Warranty Legislation Information

Currently Legislation or similar Orders are State based. However, there are recommendations at a federal level to bring in one national system which has been tabled in 2009. We will keep you updated on any developments in this regard.

South Australia and Western Australia follow similar regulation whereas Victoria have a model more aligned to NSW, however, NSW is more complex from both a licensing point of view and coverage. All other states and territories are either Government controlled or do not require the product to be compulsory.

Who is covered and who obtains Home Warranty Insurance?

The Building Contractor undertaking the work is required to obtain Home Warranty Insurance for every project they undertake where the contracted amount exceeds $12000. The party the Builder is contracted to, usually the Owner of the property is the beneficiary of the Insurance. Any future Home Owner of that property within the statutory period is also protected. The Builder obtains no benefit from this Insurance.

Talk to our experienced builder warranty insurance specialists and get the right advice for your cover.

Contact us for more information on 1300 550 665 or customerservice@shcorp.com.au