Owner Builder Insurance Victoria
Are you taking charge of a self-build project? Whether you’re managing a build of a brand new home, the construction of a garage, the renovation of bathrooms or bedrooms or an extension project, there are many benefits to taking charge of the project yourself.
These include financial savings, complete accountability, ownership of creative direction and, of course, a soaring sense of pride and achievement on project completion.
What’s important to note, however, is that every owner builder Victoria wide is required to meet specific legislative requirements and responsibilities. As a Vic owner builder, local government states that you must adhere to the following owner building requirements in Victoria:
- Owner builders are responsible for obtaining and complying with a government issued building permit.
- A Victoria owner builder must arrange all required certificates for completed work and ensure that all work is carried out in line with Australian standards and practices.
- Owner builders must ensure total site and worker safety in line with Australia’s existing health and safety acts.
- Owner builders must rectify any building works found to be defective.
- Owner builders must ensure that appropriate insurance policies are in place.
The last point in particular is of prime importance. In undertaking the role of registered builder on the project, any owner builder Vic wide must ensure they are adequately protected against any possible legal claims. Luckily, Q Trust is here to help with that specific requirement.
The leading specialist provider of owner builder insurance Victoria wide
Q Trust is the leading provider of owner builder insurance Vic residents can count on to ensure they meet all legal requirements. In taking charge of a self-build project you will assume responsibility for all potential risk.
That means that any legal claims relating to employee injury, environmental issues, neighbouring property damage, contractor error or actions or property loss and damage will fall to you. That’s why having adequate owner builders insurance protection in place is vital.
Luckily, Q Trust provides the most affordable and comprehensive owner builders insurance Victoria has to offer. We’re not here to sell you insurance.
What we’re concerned with is matching you with the right insurance cover for your specific financial and risk needs at the most affordable price…and we won’t be beaten on price.
We can even meet your needs for owner builder warranty protection, serving up the most comprehensive owner builder warranty insurance Victoria wide.
Get your competitive owner builder’s insurance quote
What are you waiting for? A competitive owner builder’s insurance quote awaits you – simply acquire a quick quote online via our website.
Have you got a question for our expert team? Feel free to call us on 1300 798 991 for in-depth advice and assistance. We’re here to help!
What Should Be Covered by Owner Builder Insurance in Victoria?
Whilst being an owner builder is highly rewarding, it also involves taking quite a few risks. In order to minimise the amount of risk involved in your project, it’s always sensible to take out quality owner builder insurance.
Victoria owner builders have a range of insurance options available, with many different companies competing for their custom. However, not all of these policies are the same – and some of them are certainly more effective at providing truly comprehensive coverage than others.
If you’re an owner builder in Victoria, here are a few things you should always look out for in order to ensure that your chosen policy protects you against all possible eventualities:
- Subcontractor and worker to worker injury
- Subcontractor actions
- Storm, wind, water and rain events
- Vandalism and malicious damage
- Theft and burglary
- Fire including bushfire
- Personal accident/injury
- Voluntary worker insurance optional
As well as all of the above, it’s also important to make sure that your police includes public liability insurance, which is sometimes absent from otherwise good policies.
When an owner builder in VIC invites a third party onto their property (regardless of whether the invitation was direct or indirect) they are considered legally responsible for the health and safety of that individual. Should an accident occur, the owner builder will have to pay compensation – so public liability insurance is simply essential.
The Benefits of Specialist Owner Builder Insurance in VIC
Whilst some people choose to get standard builder insurance, an owner builder in VIC will benefit greatly from specialist owner builder insurance.
VIC owner builders with specialist insurance can be sure that they’re fully covered in the areas they need to be without having to spend more than they need to on coverage for equipment and construction techniques that they’re highly unlikely to use on a home project.
Owner Builder Warranty Insurance Victoria
When an owner builder in Victoria wants to sell their property, it’s important that they attain the necessary warranty insurance. Whilst it’s beneficial to have this insurance wherever you are in Australia, owner builder warranty insurance in Victoria is particularly important as it is required by law.
Warranty insurance exists to protect the buyer, but it benefits both the buyer and the seller. Essentially, if for whatever reason the seller is unable to foot the bill in the event that something goes wrong with any of their construction or renovation work, the insurance company will pay for the necessary repairs.
This means that potential buyers have complete peace of mind and makes it more likely that you’ll be able to swiftly sell your property without any hassle (and it also increases the value of your property). And, in order to protect buyers, this insurance is mandatory in the state of Victoria – a fact which many sellers don’t know, leading to complications down the line.
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.
