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23 October, 2014

Selling your house? - Owner Builder Warranty Insurance

All owner builders who sell their property are required to obtain Owner-Builder Warranty Insurance to cover the purchaser, or any subsequent purchaser of the property for defects in the event of death, disappearance or insolvency of the owner builder.

 

The warranty period (as per the respective State Legislation) commences from the date the final or occupancy certificate is issued, and for example, in New South Wales and Victoria where the structural warranty period is for six years, the remaining warranty period would be five years if the property is sold one year after the certificates were issued.

Please contact our office for more information or for a Quote for Owner Builder Warranty Insurance.

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