Browse Forums Building A New House Re: VMIA insurance claim 7Jun 11, 2023 4:40 pm SydneyPSSS Thanks, I guess we'll just have to wait and see. In the mean time, I'll be contacting HSC and fair trading, because these builders are not being transparent, they have two business one in liquidation and other still running which we're under, but worried that will go into liquidation too. I have no faith in the builders because they didn't inform us about the first business going under, we found out by the private assessors. Its so devastating that this happens to people, we've put 10 years of savings, and now interest rates are at 7% in NSW. I don't know if our builder will finish our home or if we have to get another builder which I heard is difficult. We've been waiting for house to complete 12 months now and they only at frame stage. Its so depressive. I am sorry to hear of your situation, I can suggest to engage your Federal MP? ACCC should be looking to contract parts and ASIC to the building company's behaviour. Our previous builder has been refused insurance by VMIA because of his history of incomplete building works. However, he has managed to get building insurance through… 0 14605 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 7942 I apologise for any confusion, but your understanding is correct. We approached our situation differently based on advice from… 11 53261 |