Just because you are in the driving seat doesn’t mean that the same risks such as worker’s injury claims, property loss or damage, equipment loss or theft and unexpected construction costs won’t apply to your project.
And that’s why you need to have adequate home building and construction insurance in place.
Owner Builder Construction Insurance
At Qtrust, we specialise in owner builder insurance, offering a range of customisable policies to cover any home build or renovation project.
Whether you are building a new home, renovation your existing property, adding on a granny flat or extensions, constructing a shed or garage or making any additions or alterations to your property, you need to have owner builders insurance.
As long as construction is ongoing, there is always the threat of injury to employees or visitors on site, theft on equipment or materials, sub-contractor actions or injury, damage or loss to the property and even with the most precise project management, there is always the threat of third party or public liability claims or threats.
Any sudden or unforeseen loss can be detrimental to your build and to your own personal finances and well being.
Complete project protection
You don’t need to be able to predict the future to protect against the otherwise unforeseen circumstances.
At Qtrust, we ensure to prove comprehensive cover, including owner builder public liability insurance protection, extending even to protection against claims from sub-contractor actions, worker to worker injury, damage to neighbouring properties, pathways and roadways, and environmental damage in the local community such as a sub-contractor’s materials flowing into a sewer.
We don’t sell insurance. Our approach and offering is far different. We assess our client’s financial and risk needs and match their needs with a home owner builder insurance policy and provider that will provide the most appropriate cover, expertise and capabilities.
Since 2001, we have operated as one of Australia’s leading home construction insurance companies, with a solid reputation for delivering comprehensive cover, demonstrated by our high level of 5 star ratings.
With monthly payment plans, we ensuring getting comprehensive cover is not a problem. Even if you have already commenced your build, we can still deliver affordable cover with no additional premiums.
Want to learn more about insurance for owner builders?
Tens of thousands of owner builder projects have been insured through Qtrust. To learn more about how we can protect your home build project, call our expert team today on 1300 798 991 or enquire online via our website.
The Importance of Owner Builder Public Liability Insurance
When you are looking for owner builder construction insurance, it can sometimes be easy to overlook the details in the fine-print. Nevertheless, it is crucially important that you check to make sure that your owner builders insurance protects you against public liability claims.
The law surrounding public liability is extensive and complex, especially in developed common-law jurisdictions like Australia.
So when you’re undertaking or supervising construction work on your own property, it’s vital that you know what your legal responsibilities are – and that you guarantee that your insurance policy covers you for them.
Public liability concerns your duty of care for anyone who has been directly or indirectly invited onto your property. Whether it’s subcontractors, surveyors, or anyone else that visits your property during the period you’re building on it, you have a responsibility to ensure that they’re safe and don’t come to any harm.
If for whatever reason an accident does happen, owner builder public liability insurance alone can prevent the incident from causing you serious financial troubles.
Not all owner builder construction insurance policies include public liability coverage, but here at QTrust we always make sure that our customers are fully insured for any potential incidents involving third parties.
The Benefits of Specialist Home Owner Builder Insurance
Many owner builders choose to get standard builder insurance for their project, but specialist home owner builder insurance has many benefits.
For example, when you choose owner builders insurance, you can be confident that your policy is targeted for people in your exact situation – and therefore that you won’t be spending money on coverage for activities and appliances which are only relevant to highly specialist professional builders.
Instead, you’ll only pay for the coverage you need for a homeowner builder project, meaning the owner builder insurance cost will be significantly lower.
And it’s not just the fact that your owner builder insurance cost will be lower that means investing in home owner builder insurance is preferable to standard builder insurance.
When you work with a reputable company like QTrust, you can be confident that you’ll receive a policy that is tailored to your particular needs and the demands of your project – so you’ll never again have to worry about whether or not you’re fully covered for every possible eventuality.
When to Get Owner Builder Insurance
It’s always advisable to ensure that your project is fully ensured before you begin.
Insurance for owner builders tends to cost more if you want to attain it once your project is already underway; but fortunately, if you have already started your project and haven’t got owner builder insurance, the QTrust team can still provide affordable insurance for owner builders.
Qtrust provide owner builder insurance for all owner builders in Australia. If you need owner builder warranty insurance or home renovation insurance, give us a call and let us talk you through your best options. We specialise in services for owner builders in NSW, Victoria, QLD and WA.