Comments on: Adequate Cover with your Insurance http://ownerbuilderadvice.com/adequate-cover-with-your-insurance/ Providing Owner Builders with Kit Home Supplies, Systems and Services throughout NSW, QLD and Victoria. Thu, 13 Jan 2011 07:41:01 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: rose http://ownerbuilderadvice.com/adequate-cover-with-your-insurance/comment-page-1/#comment-41 rose Fri, 27 Nov 2009 21:23:31 +0000 http://ownerbuilderadvice.com/?p=403#comment-41 Some company's cover for Material in Transit other don't.Wouldn't the company transporting the material have their own insurance?I'm not sure which way to go? Some company’s cover for Material in Transit other don’t.Wouldn’t the company transporting the material have their own insurance?I’m not sure which way to go?

]]> By: admin http://ownerbuilderadvice.com/adequate-cover-with-your-insurance/comment-page-1/#comment-25 admin Wed, 02 Sep 2009 05:32:59 +0000 http://ownerbuilderadvice.com/?p=403#comment-25 Hi Catherine, Basically Public Liability covers you against claims by third parties for personal injury or property damage. This is not just limited to someone breaking into your property, but it applies to anyone coming on site that suffers injury or damage and a result of your legal liability. Each policy is different so it hard for me to be specific, but there are some restrictions such as injury to yourself, family members living with you, etc. If you are building a deck to your existing home then my first recommendation would be to contact your home and contents insurer and ask them if they would note this under your current policy. Many home and contents insurers have an automatic coverage for minor renovations, but cap contract values from anywhere between $10,000 to $100,000. This way you can ensure you have cover without having to pay any additional premium. Unfortunately some of the cheaper home and contents policies that exist in the market have no such extension. However if you check with your current insurer and you have scope under your existing policy then there would be no need to arrange a separate liability policy. Regards, Simon Pascoe at FDBeck Insurance Brokers Hi Catherine,

Basically Public Liability covers you against claims by third parties for personal injury or property damage. This is not just limited to someone breaking into your property, but it applies to anyone coming on site that suffers injury or damage and a result of your legal liability. Each policy is different so it hard for me to be specific, but there are some restrictions such as injury to yourself, family members living with you, etc.

If you are building a deck to your existing home then my first recommendation would be to contact your home and contents insurer and ask them if they would note this under your current policy. Many home and contents insurers have an automatic coverage for minor renovations, but cap contract values from anywhere between $10,000 to $100,000. This way you can ensure you have cover without having to pay any additional premium.

Unfortunately some of the cheaper home and contents policies that exist in the market have no such extension. However if you check with your current insurer and you have scope under your existing policy then there would be no need to arrange a separate liability policy.

Regards,
Simon Pascoe at FDBeck Insurance Brokers

]]> By: Catherine Reid http://ownerbuilderadvice.com/adequate-cover-with-your-insurance/comment-page-1/#comment-23 Catherine Reid Sun, 30 Aug 2009 10:22:57 +0000 http://ownerbuilderadvice.com/?p=403#comment-23 What does public liability insurance cover and why do I need it soley in the event that a person may illegally trespass onto my property, hurt themselves and try to sue me when their entry is illegal? I am building a deck onto my existing home and am an owner builder. Thanks What does public liability insurance cover and why do I need it soley in the event that a person may illegally trespass onto my property, hurt themselves and try to sue me when their entry is illegal?
I am building a deck onto my existing home and am an owner builder.
Thanks

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