Browse Forums Building A New House Re: Owner builder insurance 3Sep 19, 2014 2:48 am Sorry I can't help with prices so ring around, but their policies are fairly similar I believe because they have to comply with an act of parliament. The important thing to remember with building warranty insurance (I assume it is that type of insurance you are asking about), is that only structural defects are covered after 2 years and they are covered for only for 6 years. You also have to take every possible action against the builder and can virtually only use the policy when the builder is bankrupt. What it is good for is if the builder walks away and the job is nowhere near finished. Basically they are on a winner as regard risk and in my opinion the cost should be far less. Good luck choosing Leonardo_23 Hi All, I just wanted to close this topic out with an update. So we ended up agreeing to a number with the insurance company, and after an extensive amount of hand… 8 15418 Hi folks, Victoria resident here. I've submitted my owner builder application to the VBA. I thought I'd share my experience so far. I submitted my application… 0 6175 |