Home Building Tips For Builders In NSW
- Home Warranty Insurance -
The Home Warranty Insurance requirements under the law can sometimes get a bit tricky for builders. The most common questions we receive from builders are:
When do I have to take it out?
Do I give the certificate of insurance to the home owner?
What work does the insurance policy cover?
Remember, if you and the home owner enter into two or more contracts to carry out work in stages, the sum of all the contracts for the whole project is taken into account to determine if you have to take out Home Warranty Insurance (i.e ‘contract-splitting’ will not allow you to legally avoid taking out Home Warranty Insurance).
The maximum penalties for not complying with the Home Warranty Insurance requirements are extremely high, so you should be very careful to do everything that the law requires you to do.
For more information, click on our web link below:
Home Building Business Services
ABN 42 121 418 559
GPO Box 1884 SYDNEY NSW 2001
Ph: 1300 730 752 Fax: (02) 9221 0224
enquiry@homebuildingonline.com.au
The information contained within this email is purely for educational purposes only, and does not constitute advice of any kind. Home Building Business Services recommends that independent legal advice is sought before relying on any information contained within this email.
Remember, if you and the home owner enter into two or more contracts to carry out work in stages, the sum of all the contracts for the whole project is taken into account to determine if you have to take out Home Warranty Insurance (i.e ‘contract-splitting’ will not allow you to legally avoid taking out Home Warranty Insurance).
