Browse Forums Building A New House 1 Mar 22, 2009 12:54 pm Ok so we all know how much our houses are costing us to build and we know how much our land costs, so how much do you insure for when you are in your shiny new house? I've only ever rented so have only had contents insurance, do we just insure the actual building cost and not include the land? 'A bottle of wine contains more philosophy than all the books in the world.' Louis Pasteur Vegie garden: viewtopic.php?f=19&t=27637&start=0 My Backyard Adventure Re: Insurance 2Mar 22, 2009 1:15 pm That is right - you can't insure for the land component but do remember to allow for all fittings - floorings / window fittings / garden sheds / footpaths / driveways. Also allow for a margin for demolition - should the worst ever happen and you had to rebuild you would need to allow for demolition of the home. Some things are worth waiting for. Re: Insurance 3Mar 23, 2009 11:15 am Include everything it costs to build, including your driveways, fencing, any sheds or carpets, garages, ect. Then allow at least 10% on top of that for demolition costs and other costs.. ect. Leave the land cost out of it and you'll be okay. Always better to over insure then under insure. Building with PD - Regent 23 Cascades on Clyde Estate HomeOne Building Thread - PCI Completed - 28th August. Handover - 11th September. Hi there, long-time lurker but first time posting. I've bought a house 2 and a bit years ago and last year we had some major water damage on a converted pergola area… 0 7930 I apologise for any confusion, but your understanding is correct. We approached our situation differently based on advice from… 11 53207 i would not be signing anything on the day read your contract about when builder submits final invoice generally, have to meet builder within 7 days of receiving final… 1 4736 |