Browse Forums Owner Builder Forum Re: Perth NOR OB on 5 Acres - Plumbing fit out :-) 1184Jan 12, 2015 10:16 am Owner Building at Jimboomba Woods in Logan City Qld. Blog : http://bandlnewhomebuild.blogspot.com H1 thread : viewtopic.php?f=38&t=68283 . Re: Perth NOR OB on 5 Acres - Plumbing fit out :-) 1186Jan 12, 2015 2:35 pm My build: viewtopic.php?f=31&t=68002 Re: Perth NOR OB on 5 Acres - Plumbing fit out :-) 1195Feb 10, 2015 2:47 am AKB I'm so glad to hear you're all safe after all the fires - I agree with you it is only a house (nice as it may be) and a house can be replaced. I hope your sister is still doing well too - it must be hard for you to see your sister going through all of this. Thinking of you both x Re: Perth NOR OB on 5 Acres - Plumbing fit out :-) 1196Feb 11, 2015 8:28 am I totally understand the need for some people to make the choice to stay and fight a fire as opposed to leaving. Many posts have expressed the attitude that insurance will pay for the things that are lost but lives can’t be replaced. I totally agree, but the anxiousness arises when you know somehow you will be left very financially worse off than before. In respect to Insurance Companies, they will replace things that you can prove and have receipts for, and then the lines get very blurred. When we were looking for insurance for our home, we have a hard time insuring the property for anything over 2m, let alone much more than that, especially when you tell them it’s a rural property on acreage. After eventually getting insured, I read the fine print and it clearly states that they will only replace up to what they deem is appropriate, and if you have “over Insured” then they will only pay to the in their words, “replacement value” which makes me very nervous. We have just finished building and we went so far over budget (100%) though all the decisions were upgrades and we went quite overboard on many things e.g. $150k for a theatre room and house sound system, $150k for a kitchen, the list just goes on and on, and on.. Can I prove what we spent without keeping every receipt? I doubt it. Especially on many items and trades they insist on cash. The Barn we also built we spent in excess of $500k to have it fitted out as a genuine man cave with separate theatre room in the mezzanine, timber flooring, gourmet kitchen and stone bathrooms all to be told that it’s an outbuilding and how do I get that built again to the same spec. I imagine I would defend my property more than most and if someone stays to fight, I totally understand. Many things such as Tractors, Quads, bikes and other unregisterable machinery is not insured under household insurance so you need different insurance which is so exorbitant in their premiums, you tend to let those things slide. I get it. At 53 I don't want to start from scratch again and deal with all of the losses. Re: Perth NOR OB on 5 Acres - Plumbing fit out :-) 1197Feb 11, 2015 8:42 am ^^^ I wasn't questioning peoples right to stay and defend just that people who aren't going to and know they aren't going to should get out earlier rather than leaving it to the last minute. Re the insurance and paying by cash to prove - there is normally some sort of trail. I too paid a lot of cash but you can see when I've withdrawn 000'sk from the bank to do it. If your paying cash with cash well then as an accountant that is a whole different ball park. Again quad bikes etc while if we lost then would be a pain in the a$$ it's not something I'm willing to risk my life over. One last thought if you are worried as you've spent so much over budget and can't prove it perhaps a quantity survey is in order? Cheers AKB <!-- l --><a class="postlink-local" href="https://forum.homeone.com.au/viewtopic.php?t=62083">viewtopic.php?t=62083</a><!-- l --> Re: Perth NOR OB on 5 Acres - Plumbing fit out :-) 1198Feb 11, 2015 11:09 am AKB ^^^ I wasn't questioning peoples right to stay and defend just that people who aren't going to and know they aren't going to should get out earlier rather than leaving it to the last minute. Re the insurance and paying by cash to prove - there is normally some sort of trail. I too paid a lot of cash but you can see when I've withdrawn 000'sk from the bank to do it. If your paying cash with cash well then as an accountant that is a whole different ball park. Again quad bikes etc while if we lost then would be a pain in the a$$ it's not something I'm willing to risk my life over. One last thought if you are worried as you've spent so much over budget and can't prove it perhaps a quantity survey is in order? Cheers AKB I apologise if you think I was directing anything at you, I was only making a point which wasn't directed at anyone in particular, it was just something I was thinking out loud as I hear it all the time. I could prove all of my cash transactions, but remembering what I spent it all on is another matter, over 5 years worth of owner building tends you to forget more than what you remember.... I agree that I wouldn't risk my life over quad bikes etc., try buying a decent tractor under 40k, or a decent Polaris Sportsman under 30.....it all adds up in the end. Anyway, I'm curious, what's a Quantity Survey? Re: Perth NOR OB on 5 Acres - Plumbing fit out :-) 1199Feb 11, 2015 2:57 pm Hi Wilsey I wasn't thinking you were directing anything at me and I always welcome debate. Re Farm equipment etc Have you gone through an insurance broker or did you just go to the insurance company direct. We always use brokers for our business, there are actually insurance brokers out there that specialise in hobby farms - that might be the go for your tractor and polaris etc. A quantity survey is a licensed professional who will go through and give you a cost of reproducing your property. They are quite often used in a rental property situation so people can then so the Special Building Write Off Allowance. We self manage our commercial strata and to ensure that we carry enough insurance we get our building quantity surveyed every couple of years. Cheers AKB PS If my house burnt down would I be a little bit pi%%ed? Yeah sure but think of what I could achieve on the next one now that I have learnt so much on forums like this one <!-- l --><a class="postlink-local" href="https://forum.homeone.com.au/viewtopic.php?t=62083">viewtopic.php?t=62083</a><!-- l --> Re: Perth NOR OB on 5 Acres - Plumbing fit out :-) 1200Feb 23, 2015 2:59 pm Hi AkB, dropped out of notifications again argghh! so just catching up!! Glad you were okay, those fire pics are very very scary. We have also been concerned about the terrible Northcliffe fires, the fire front was set to reach Augusta but it didn't in the end due to a wind change. Also we had another lightning strike fire start 15 minutes away from us, but luckily after 4 hours it came under control; it reached a lot of cleared paddocks where there was less fuel, and then the wind changed as well. Phew. In Perth fires, my sis was also evacuated from where she lives, but thankfully all was okay. Wilsey I can entirely sympathise with you, insurance helps but it's never all it's cracked up to be. Our very good friends lost their entire business in a huge electrical shed fire 4 years ago, and the insurance co. wouldn't come to the party to replace all the machinery because all their receipts and records of business were also in his office inside the shed..They were told they should have had pictures of everything as well as the records etc to match replacement value and stored them off the property. This is crazy if we all have to do that to get things replaced!! Thanks again Simeon for being so elaborate. Appreciate it. Its gives us a very idea. Kind Regards 4 3815 I recently went through a similar renovation and move scenario when updating our family home. We also swapped some rooms around and tackled a major… 2 10234 Hi everyone, Looking for some advise. We are about to build an above ground pool in our backyard. 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