Owner Builder Home Warranty Insurance

As an owner builder you have a responsibility to all future purchases of your landlord build a house. Any purchase of your property within six years of its completion must have home warranty insurance policy relating thereto, as indicated in the Building Act 1989 host.

While home warranty insurance is in place to protect buyers of owner built the house, it is also important for the owner builder. So how important is home warranty for the owner builder?

Without a statement that the property is owner of a construction and home warranty insurance policy at point of sale that the builder would be liable to fines up to 22 massive $ 000.00.

If you, as an owner builder, a contract of sale without disclosing the owner builder license and without insurance home warranty required, contact may be canceled by the purchaser at any time prior to completion of contract . Therefore, the importance of this information is crucial for the completion of the sale.

So what are the information / documents do you provide? Brokers manufacturers have compiled a list of information for all proprietary vendors below:

• Completed Nomination Form
• Report Faults (Please call 1300 769 455 for more details of an authorized inspector)
• Copy of license owner Builder (issued by the Department of Fair Trading)
• Copy of Notice Board Current Rate
• Copy of application development
• Copies of certificates of conformity electrical and plumbing
• Copy of report Termite
• Copy of Occupation certificate / final inspection

This insurance is designed to protect the buyer if they need to make a claim against the manufacturer's owner, a dealer or contractor for construction defects or defects. If you, as owner builder, went bankrupt, die or disappear from the home warranty insurance will cover the new owner.