Comments on: Home Warranty Insurance http://ownerbuilderadvice.com/home-warranty-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: Carolrn http://ownerbuilderadvice.com/home-warranty-insurance/comment-page-1/#comment-125 Carolrn Thu, 13 Jan 2011 07:41:01 +0000 http://ownerbuilderadvice.com/?p=459#comment-125 Thank you for your advice. I was very confused about whether I needed home warranty insurance or not. You have saved me a lot of money. Thank you for your advice. I was very confused about whether I needed home warranty insurance or not. You have saved me a lot of money.

]]> By: Darrel http://ownerbuilderadvice.com/home-warranty-insurance/comment-page-1/#comment-91 Darrel Mon, 19 Jul 2010 06:42:39 +0000 http://ownerbuilderadvice.com/?p=459#comment-91 Hi Barry, I have read this with interest but I have an issue that has arisen that I am finding hard to clarify. I am about to put my house on the market, I am an Owner Builder and the project received the DA in 1999 with work starting 2000, a number of issues caused the house to be delayed but we finished the majority of the work and moved in in about 2003, without council sign off, no Occupation Cert. We are now wanting to sell the property but the insurance company have said that because the work was completed so long age the are not willing to provide insurance because if we get sign off now then the 7 year cover would start from now (effectively meaning that the building work would be 14 old by the end of this period. Is there any way around this red tape. The council is about to grant our OC. Thanks Darrel Hi Barry, I have read this with interest but I have an issue that has arisen that I am finding hard to clarify.
I am about to put my house on the market, I am an Owner Builder and the project received the DA in 1999 with work starting 2000, a number of issues caused the house to be delayed but we finished the majority of the work and moved in in about 2003, without council sign off, no Occupation Cert. We are now wanting to sell the property but the insurance company have said that because the work was completed so long age the are not willing to provide insurance because if we get sign off now then the 7 year cover would start from now (effectively meaning that the building work would be 14 old by the end of this period. Is there any way around this red tape. The council is about to grant our OC.
Thanks Darrel

]]> By: Rachael http://ownerbuilderadvice.com/home-warranty-insurance/comment-page-1/#comment-84 Rachael Thu, 27 May 2010 22:13:08 +0000 http://ownerbuilderadvice.com/?p=459#comment-84 I am really confused. We bought a property that was under 7 years old and covered by Home Builders Warrantyt. We are small 4 block of townhouses and had quite a few defects so contracted a professional company to compile a report. This was provided to the builder for the problems to be rectified. This was over a year before the insurance expired. He has now waited till last week and has emailed us saying, I have no oblgiation due to it being expired. ? What can i do? I have kept a paper trail of all correspon dance and cna show that he was given this prior. WHat is my entitlements? I am really confused. We bought a property that was under 7 years old and covered by Home Builders Warrantyt. We are small 4 block of townhouses and had quite a few defects so contracted a professional company to compile a report. This was provided to the builder for the problems to be rectified. This was over a year before the insurance expired. He has now waited till last week and has emailed us saying, I have no oblgiation due to it being expired. ? What can i do? I have kept a paper trail of all correspon dance and cna show that he was given this prior.

WHat is my entitlements?

]]> By: Nick http://ownerbuilderadvice.com/home-warranty-insurance/comment-page-1/#comment-56 Nick Mon, 29 Mar 2010 03:01:04 +0000 http://ownerbuilderadvice.com/?p=459#comment-56 I understand that the Victorian Government has just announced that they will "take over" or support in some way, the Building warranty Insurance in Victoria. Do you have any information, comment or timetable for a fix to the current problems with BWI in this state? I understand that the Victorian Government has just announced that they will “take over” or support in some way, the Building warranty Insurance in Victoria. Do you have any information, comment or timetable for a fix to the current problems with BWI in this state?

]]> By: admin http://ownerbuilderadvice.com/home-warranty-insurance/comment-page-1/#comment-55 admin Mon, 22 Mar 2010 04:52:26 +0000 http://ownerbuilderadvice.com/?p=459#comment-55 Hi Graham, thank you for your comments. You are correct on your understanding based on the current Home Warranty Insurance situation as it stands in NSW, and each of the three main points you have made are as we understand it. Yes, it's not a great situation to be in - especially as most trades will not provide you with any warranty at all because its often overlooked and not readily enforced by the regulators. The whole system needs a major overhaul - and it appears the NSW Government is currently looking into this. Indeed, the NSW Government has announced that the current home warranty insurance scheme will be scrapped on the 30th June 2010. What it will look like in the future is anyone's guess. With regards to insurance it's much better to have it, than not. Good luck with your Owner Builder project! Barry Armstrong :) Hi Graham, thank you for your comments.

You are correct on your understanding based on the current Home Warranty Insurance situation as it stands in NSW, and each of the three main points you have made are as we understand it. Yes, it’s not a great situation to be in – especially as most trades will not provide you with any warranty at all because its often overlooked and not readily enforced by the regulators. The whole system needs a major overhaul – and it appears the NSW Government is currently looking into this. Indeed, the NSW Government has announced that the current home warranty insurance scheme will be scrapped on the 30th June 2010. What it will look like in the future is anyone’s guess. With regards to insurance it’s much better to have it, than not.

Good luck with your Owner Builder project!
Barry Armstrong :)

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