Builders Warranty Insurance

What is it?

Today licensed builders needs Builders’ Warranty Insurance for some, if not all residential jobs. Generally, a Builders’ Warranty Insurance certificate must be submitted before any work can begin.

What it covers?

Builders’ Warranty protects home owners from loss of deposit, unfinished or defective works as a result of the builder’s negligence. The rules vary from state to state across Australia so it’s important to understand what the rules are in yours. Insurance Advisernet has many years of expertise in Builders’ Warranty Insurance. By staying up-to-date with all current regulations in your region, we can help make life considerably easier for you.

The examples and links, below, summarise some of the key differences from state to state right now.

State Known as Legal Requirement? More Information
ACT Residential Building Warranty Insurance Yes, for work valued over $12,000 ACT Government Planning
NSW Home Building Compensation Fund Yes, for work valued over $20,000 Home Building Compensation Fund
NT N/A No Northern Territory Government
QLD Home Warranty Insurance Yes, for work valued over $3,300 Queensland Building and Construction Commission
SA Building Indemnity Insurance Yes, for work valued over $12,000 Consumer and Business Services
TAS Residential Building Warranty Insurance No, in Tasmania it’s a voluntary scheme WorkSafe Tasmania
VIC Domestic Building Insurance Yes, for work valued over $20,000 Victorian Managed Insurance Authority
WA Home Indemnity Insurance Yes, for work valued over $20,000 WA Department of Commerce

Insurance Advisernet has many years of expertise in Builders’ Warranty Insurance. Our Authorised Representatives stay up-to-date with current regulations in your area, which can make life considerably easier for you.

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