Domestic Building Insurance (also known as Warranty Insurance) is a mandatory type of consumer protection cover in  Victoria, Western Australia and New South Wales. The requirements vary slightly between the states but in all cases the insurance is for the benefit of the purchaser (not the owner builder). The insurance is required where an owner builder sells the property on which they have constructed building works (over $12,000 in value) within the prescribed period set by legislation (6 years from completion)*.

When you are selling a property on which you constructed, managed or arranged "domestic building works" as an owner builder (ie the total project was not the subject of a Contract with a Registered or Licenced Builder, who provided a separate Warranty Policy), and those works were completed* within the last 6 years, then you may be required to provide certain statutory warranties, reports and domestic building (warranty) insurance for the benefit of the purchasers, prior to entering into a Contract of Sale.

We realise that this insurance is often not fully understood by the owner builder and can hold up a pending sale, so the staff at Building Industry Solutions pride themselves on offering fast, courteous and hassle free service to assist you in understanding and providing the necessary documents pertinent to the sale of your owner built property.

What we can offer you?

• Informative Consumer Advice Sheets "Everything you need to know about Selling a Domestic Owner Built Property.

• Easy to understand Proposal Form that isn't the size of the yellow pages

• Full checklist so you can tick off all the required documents

• Comprehensive list of our preferred Practitioners for the required independent Inspection Report with telephone numbers and contact names. (If you make use of these inspectors we can also discount the insurance premium).

• We can also accept your payment electronically, or on the spot, by appointment in our office for those really urgent deadlines!!

How do I find out more??

Please take the time to look at our Consumer Advice Sheets on this type of insurance or call one of our friendly staff for advice.

CONSUMER ADVICE SHEET #2 - July 2004 Everything you need to know about Selling a Domestic Owner Built Property Victoria: HTML format - PDF format       NSW: HTML format - PDF format

Owner Builder Warranty Proposal Form VIC,NSW,WA :PDF format

Owner Builders Warranty Insurance - Policy Wording  Victoria: PDF format   NSW: PDF format  WA:PDF format

Preferred Practitioners for Inspection Report Coverage  VIC:  PDF  NSW:  PDF

 

  Building Industry Solutions Pty. Ltd. is acting as an Agent for the Insurer, not as an Agent for the Insured or Applicant (Owner Builder)

  This product is issued by QBE (Australia) Limited ABN 78 003 191 035 and AFS Licence No. 239545