OWNER BUILDERS
OWNER BUILDERS
SHC are actively involved with Owner Builders from permit stage through to sale. We understand when people decide to owner build it’s that personal touch that is desired to assist our client’s build their dream home.
The following insurance products are a must for any owner builder :
CONSTRUCTION AND LIABILITY INSURANCE
This protects the Owner builder during construction from fire, weather related perils, theft/burglary ,malicious damage ,workmanship issues and more . Most importantly it protects the Owner Builder for their legal liability against injury or damage to third party property.
Some advantages of the SHC products include:
- Over the phone acceptance and policy placement.
- Extensive additional covers at no additional cost
- Protection against actions of your sub contractors
- Ease of extensions of cover – we understand time frames are not always met and we offer this flexibility
- Existing Property cover – did you know your Householders policy will probably not cover your house when under renovation?
- We can also offer works that have already commenced under most circumstances
Remember , Owner Builder Construction and Liability Insurance is subject to underinsurance clauses which could affect claims settlement . Always insure for full value of materials and labour or else you may be left out of pocket in the event of a claim.
Call our insurance brokers on 1300 550 665 or email customerservice@shcorp.com.au to organise your Insurance now!
Required to be taken out when selling within the statutory period which is 6 years from occupation certificate in NSW and Victoria and 7 Years from issuance of building permit in WA.
This policy protects the subsequent owner from defective work if you , the Owner Builder ,have died, disappeared or become insolvent . Please note, the Owner Builder is responsible for rectifying defects at the request of the subsequent owner,
Several ways of protecting against this occurring is:
- Have sub contracts in place making defects the responsibility of the individual trades.
- Ensure where sub contractors are undertaking work over $12,000 in NSW that they also carry their own Home warranty certificate.
- Ensure work is certified and documented.
When obtaining Warranty Insurance, please make sure all compliance certificates are available and there will be a need for a Defects Inspection report prior to issuance, SHC can organize this on your behalf.
Contact our insurance brokers on 1300 550 665 or email customerservice@shcorp.com.au to organise your Insurance now!
PERSONAL ACCIDENT/VOLUNTEER WORKERS INSURANCE
Construction sites still rate as one of the more dangerous places to work. As such you need to consider protection against injury if you are planning to assist your tradesmen during construction incase you may become injured or incapacitated and cannot attend your normal employment.
Voluntary workers cover extends to yourself, your spouse and other family/friends up to a total of 10 volunteers on site for a very nominal premium.
Call our insurance brokers on 1300 550 665 or email customerservice@shcorp.com.au to organise your Insurance now!
