A home warranty insurance certificate is issued upon completion of a home warranty inspection. It is also known as an owner-builder inspection report. Home warranty insurance is a requirement for property owners who are planning to sell their homes after a major renovation project – provided that the building work was completed within the last 6.5 years and that the project is valued at $16,000 or more. In Victoria, this is called Domestic Building Insurance.
The purpose of home builder warranty insurance is to protect the purchaser from any defects, incomplete works, or substandard materials that were identified in the inspection report. The insurance cover is applied in case the owner builder dies, disappears, or becomes insolvent during the warranty period. The validity of the builders home warranty insurance is 6 years after the issuance of the occupancy permit. Home builder insurance may also be needed if you are provided outcomes relative to a specific dispute resolution.
Under the Building Act of 1993, owner-builders are required to obtain a home warranty inspection. If you fail to comply with these requirements, you may incur heavy penalties of up to $12,000.
A home builders insurance serves as a safety net for the new homeowner should the owner builder or contractor die, disappear, become insolvent, or get their license suspended. The insurance remains in place even if property ownership is once again transferred to the new homeowner.
If you are in need of a home warranty inspection, it is important that you work with a reputable and experienced company. They will have the experience and expertise to provide home warranties that meet all the requirements of the government, as well as home insurance companies.
Altez Building Inspections is a leading provider of home warranty inspection services. Our experts will inspect your home from top to bottom, and provide you with a detailed report outlining any areas of concern. This includes:
Our comprehensive and easy-to-follow report ensures you know exactly what you need to do with your home prior to putting it on the market. Our team of professionals will work together to make sure that you are aware of all aspects of your home and its condition. We can also assist you throughout the process to ensure that you receive your home builder warranty certificate quickly and without delays.
We have a quick turnaround so you can expect to receive your home warranty insurance certificate or report in 48 hours or less! We are committed to providing our clients with the very best service. That is why our premium services are available at very competitive prices.
To make sure that you are adequately covered by your home warranty insurance, you need to be certain that the following details are reflected in your document:
There is a lot of money at stake and you want to be confident that your insurance covers you for any defects or issues that may arise due to faulty construction, so it is important to make sure that everything is covered in your policy.
Are you in need of a home warranty insurance certificate? Choose Altez Building Inspections! We have the experience and expertise to make sure that your home warranty certificate is in order. We provide thorough and comprehensive inspection reports, aimed at uncovering any potential problems with the construction of your home. Your home warranty insurance certificate is essential and full compliance ensures you won’t be subjected to any stressful or costly surprises down the line. Contact us today for your home warranty inspection! Speak to our team at 0499 899 890 or send us a message at admin@altezbuildinginspections.com.au!
