Owner Builder Home Warranty FAQ’s File
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Personal Accident. Injury. Sickness. Income Protection
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Owner Builder Construction, Renovation or Building Activity FAQ’s
Yes you can. Insurance is not an option. Protecting your family, your financial wellbeing and your future is.But now ‘smart’ pay by the month insurance is easy. The option is yours.
Pay monthly by direct debit or credit card including AMEX for maximum rewards points.
12 monthly payments – or less if you prefer.
Choice of payment methods
Fixed interest rate
First class tier #1 finance through Principal Finance Pty Ltd
Arranged near immediately on your instructions
Easy and quick to arrange and flexible funding;
No additional security requirements;
Tax deductible for professionals.
YES, right up to completion.
Yes. Call 1300-798-991 Monday to Saturday from 8am to 6pm and one of our qualified Brokers will assist.
Qtrust is 100% independent. We are not owned or managed by any Insurer. This independence is your guarantee you get the best option for your particular circumstances.
This insurance is designed to protect owner builders from physical loss or damage to the construction works, and construction site. Public and Legal Liability Section of this insurance is designed to protect owner builders from legal liability which may be incurred from third parties for personal injury or property damage which they may suffer as a result of the owner builder works. This Section includes Public Liability, Third Party Property Damage, Liability due to Negligence, and Liability for other Parties.
Yes. Public liability insurance protects owner builders against claims of damage or injury to third party for example, legal liability to pay compensation for personal injury and property damage.
- Third party property damage
- Public liability
- Liability to other parties
- Liability due to negligence
12 months with the opportunity to extend at the end of the period – subject to underwriting guidelines and approvals.
Yes, you can increase insurance coverage and insurance limits at time during the Policy period, however, any request for increase or alteration will be subject to the Insurers approval and underwriting guidelines at that time.
Insurance is not about the value or size of building project, but about ‘risks’. Risks may not be apparent at the start of the project, but they are there. Why? Because building sites are the second most dangerous workplace of any.Construction or Contracts Works insurance includes Public and Legal Liability insurance will protect and mitigate against personal or property loss, and protect against third party claims. Insurance does not cover every event or incident.
Qtrust Policy(ies) are segmented into Section One and Section Two. Section One refers to:
‘Protection against sudden and unforeseen physical and material loss or damage occurring to the property during the construction period from such perils as storm, wind, water damage, vandalism, malicious damage, theft and burglary and fire damage.
Section Two – insurance cover refers to: ‘Public and Legal Liability’ and Indemnifies against claims by third parties in respect to Personal Injury or Damage to Property resulting from an occurrence, arising out of the insured works. Including Public Liability, Third Party Property Damage, and Liability due to Negligence and Liability to other parties.
No, and nor should you! This is one of most mis-understood and mis-quoted statements in all owner builder insurance vocabulary. In fact we go as far as to say: if any insurer claims they are about to cover any person, or sub-contractor(s) or individuals they don’t know or don’t have a relationship with; is just plain rubbish. Insurance Policy is made out to an owner builder (the insured). Insurance Policies protect the insured from claims, and that includes claims against sub-contractors and other third parties. Qtrust Policy(ies) will protect the owner builder from these claims within the Policy definitions. More information please contact our underwriters 1300-798-991.
Yes any time by notifying us in writing. On cancellation of any insurance policy the commission and any fees paid to Qtrust are non-refundable following the ‘cooling off’ period.The insurers will retain the proportion of the premium calculated pro rata as at the date of the cancellation plus a percent of that amount. Refer to cancellation provisions in the Insurer’s Policy Wording.
All Construction Policies will require completion of a declaration stating the value of works completed during the Policy period, resulting in an adjustment notice being issued by the Insurer.
Construction policies are also subject to minimum and deposit premiums as stated in the Insurer’s policy wording.
Just let us know your required start date. Pay your premium on line or call our office. We will incept (activate) your Policy immediately.
It’s all on your invoice and we are open 24X7
No. Qtrust does not charge additional fees for accepting credit card payments.
Qtrust requires information before it can prepare a personalised proposal and quote. This information is exclusively used to provide you with your personalised Insurance Report including Quote. Qtrust does not sell or trade client information.
Go to Claims tab. Download a Claim Form which you will need to complete and submit.
Qtrust will forward your Claim to the Insurer for action. Contact Qtrust Claims
Read the Product Disclosure Statement
Underinsurance is when you don’t have enough insurance to cover all the costs of rebuilding your home. You are considered to be underinsured if your insurance covers less than 90% of the cost to rebuild or replace your home.
The Policy period can be extended if required. The extension period is up to 12months over and above the initial Policy period. Cover beyond this period is by application. Email or contact our office for details and premium.
Not an issue and can be done at any time during the Policy period. Contact the Qtrust Service Centre 1300 798 991 and advise Policy Number and details of the Interested Party. It will be added seamlessly.
Financial services compares are rated regularly by independent, globally based rating agencies. An insurance Companies ratings is very important, because it supports (validates) the strength of the Insurances Company’s willingness to settle claims and ability pay claims. Rating of ‘A’ or better are generally regarded as good, solid and reliable Insurers to uphold their obligations to Policy holders. So, are all Australian Insurers rated? No, they are not. If an Insurer is rated they will announce it strongly on their website. More details speak to our underwriters.