Browse Forums Home Finance 1 Nov 16, 2010 10:23 pm Do I still need to maintain my normal house insurance during the building phase? I am referring to the normal house insurance one generally have to protect against damage. Or that is not necessary because the builder has his own insurance? I kinda guessing that I would need normal house insurance to cover against damage when the builder is not working on-site. Re: Do I need house insurance during building? 2Nov 16, 2010 10:37 pm If you are not living at the site, or storing stuff at the site and hence, covering your own belongings then no, the builder has his construction insurance and that covers any loss or damage to materials and or buildings. RF Build: viewtopic.php?f=38&t=34534 Flooring: viewtopic.php?f=7&t=39733 Chat: viewtopic.php?f=36&t=53303 Re: Do I need house insurance during building? 5Nov 17, 2010 6:25 am housebee Sorry I forgot to say that I will be adding a 2nd level to the house, and remodelling the downstairs. Does it matter? Talk to construction insurance providers and they should be able to clarify this last bit for you. RF Build: viewtopic.php?f=38&t=34534 Flooring: viewtopic.php?f=7&t=39733 Chat: viewtopic.php?f=36&t=53303 The only thing to add to these comments is that where possible it's always good to try and work with people than just say "no" because you can. Having someone… 4 17097 I thought this would be a popular question but I haven't been able to find any similar posts. Perhaps I'm wording my searches wrong? When you have car insurance and the… 0 6604 Hi Suku18 In NSW the statutory required insurances are: 1. HBCF ( Home Building Compensation Fund) - This is if the builder dies or goes broke. But this only covers 20%… 1 2692 |