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Builders Warranty Insurance
Mandatory residential building insurance for builders and tradespeople in NSW, ACT, Vic, SA and WA.
Understanding Builders Warranty Insurance
We understand that Builders Warranty Insurance can be complex. We take the time to understand your needs and help you arrange the appropriate cover for your building projects.
A Legislative Requirement
Builders Warranty Insurance is required for certain residential building work in a number of Australian States and Territories.
The requirements and minimum contract values vary depending on where the work is being undertaken. In most cases, the required insurance must be arranged before building work starts.
Maxton Insurance Brokers can help you understand the requirements that apply to your project and assist you in arranging cover.
What It Protects
Builders Warranty Insurance is designed to protect homeowners if building work is not completed or defects are not rectified in certain circumstances, such as the death, disappearance or insolvency of the builder.
Cover and requirements vary between States and Territories and are subject to the applicable legislation and policy terms
What This Policy Covers
Loss of homeowner deposits
Incomplete residential building work
Defective work where the builder is bankrupt, disappeared or deceased
Non-compliance with Consumer, Trader and Tenancy Tribunal orders (NSW)
Mandatory cover for residential contracts over the relevant State threshold
Home warranty insurance certificates issued before work commences