The NSW warranty scheme is run by Icare under the HBCF. The discount of premium is not fully reflective of the risk a builder demonstrates to an owner. You can ask for a copy of their certificate of eligibility which would show current approved insurance turnover profile and last financial assessmen...

Hi everyone. I just read this whole thread to gain some insight on our current situation with the administration of ProCorp Builders. I was just wondering on everyone's general outcomes such as timeframes? how much you were out of pocket with new quotes from the builders that took over and if you w...

Claims Update No 3 - Cosmopolitan Constructions and Westminster Homes | 13 Mar 2012 The following update as at 8 March 2012 is provided for the information of clients of Cosmopolitan Constructions and Westminster Homes who have made claims under their home warranty insurance policy with the Home War...

Some good news from our quarter. QBE paid up on our 5% deposit....happy days. We now have a new builder who we signed with just before Christmas. We are feeling much more positive as we worked with the building companies director, we have a tentative start date so all is good. :) So did the new Bui...

Tintin, You have to be very very careful what you do at this stage of the game. Tread very carefully with the insurers, it doesn't take much to upset them. I'm saying this cos we were with Westminster, it's a long process, but if done right, you will get your work done. The Insurer is the NSW Gover...

Krushall, you should call SICorp to make sure you were on the list to be contacted by Trend Connections. Being that close to completion in Pemulwuy I would've expected that you be on that list. We were first cab off the rank to get work done by Trend and we are moving in tomorrow. With the rain del...

We were told by QBE not to bother with our own quotes being in Pemulwuy as they had a builder who was interested on taking on the work in that area. 2 weeks after our house was supposed to be completed and still not even a word from them. It really seems all the assurance from the meetings and lett...

Spoke to specialist at HWIS and was given some more clarity that the liquidators could not demand progress claims that were issued before the liquidation because the payments/contract agreement was so heavily front-loaded. ie. we did not get what we have paid for so far. eg. We have paid 80% so far...

Anyone got more quotes back? We got 1st official quote back and it's in the $100k mark, consider only couple of weeks to completion and the base price of the house is $225k, I am speechless.... Another thing is, promotion items like air cond, alarm..etc that we suppose to get for free from Cosmo ha...

[/quote] the HWIF authorising front end loaded progress payment contracts for Cosmopolitan under the NSW warranty insurance scheme It stinks that the Builder was able to unconscionably force consumers to pay in advance. [/quote] hm... :th: this has got me thinking about what sort of front end loaded...

One important thing to realise. 1) If Cosmopolitan Homes asked (forcefully) for lots of payment in their last few weeks of existence, and 2) They collected lots of money in their last few weeks of existence, and 3) They were insolvent when they went into voluntary liquidation Then they were insolve...

All, Please don't panic. All your homes weather they are locked up or not are still the responsibility of the liquidator & or insurance provided they have not yet been handed over to you. When WM homes went into liquidation a month ago, some of the security fences were removed by the suppliers ...

All, Please don't panic. All your homes weather they are locked up or not are still the responsibility of the liquidator & or insurance provided they have not yet been handed over to you. When WM homes went into liquidation a month ago, some of the security fences were removed by the suppliers ...

Tintin, The liquidators are not the ones that will be covering the rent, it's QBE if that's who your policy is with. You are supposed to include that as part of your claim when you lodge it. You see, some WM customers contracts expired 6 months before they went into liquidation ( the homes where no...

Until the property is handed over, the insurance is the responsibility of the builder (and presumably the liquidator now). Well the liquidator told us the building is ours and it's our responsibility to secure and insure the house I wonder how do I find out who is Cosmo’s Contract Works and Public ...

@Aussiemark, Thank you for your advice. We contacted the building commision who had some great advice for us. @Casa2, To answer your question. the only penalties for the builder are for $250 per week payable to us if it goes over. Update. We sent all 14 pics to our builder yesterday and asked to fo...

Ask HWIF/QBE if the costs of the replacement insurance policy over the property will be covered and if they cant agree to it immediately then complain to the OFT that the lack of insurance means that your Mortgage may be in breach so they better do something about it pronto otherwise its going on C...

you're a ray of sunshine in here joltinjoe. We already are thinking the worst, we don't need it to be reinforced. Called QBE today. they had no idea that the administrators have wiped their hands of those of us that are close to completion. They were still waiting for instructions from the administ...

Pagalbro, we are in the same shoes. We also have already paid stage 4 and we are just waiting for the internal wall, insulation and a bit of the roof. We can't even secure the house as the front door, garage door and our back door is not on yet. We don't know what to do. The website did mention we ...