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Building Materials Insurance

Discussion in 'Development' started by Jeah_, 16th Sep, 2015.

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  1. Jeah_

    Jeah_ Well-Known Member

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    ?Wasn't sure where to put this one, so I put it in general..

    We are currently building a new house in a regional QLD town where we don't live. We are building a 12m x 6m shed on the property first to allow us to have equipment stored there whilst the house is being built. The shed is being delivered by the supplier, in kit form, about a week before the builder will be there to erect it.

    1. Does anyone know anyone who will insure materials (i.e. the shed, in kit form) stored at a site like this until it is built? or does this type of cover even exist?

    2. Does anyone know who will insure a shed on residential land until the house is built?

    Have tried NRMA, Allianz, Suncorp et al to no avail.

    Thanks for any help.
     
    Last edited: 16th Sep, 2015
  2. bob shovel

    bob shovel Well-Known Member

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    I thought they could do a "contents " loan, no house.

    We have a shed full of stuff while the house is rented,I did ring around but didn't bother in the end, can't remember exactly what was available. I rang aami
     
  3. Jeah_

    Jeah_ Well-Known Member

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    Sorry, Bob, I edited my post for clarity. It's not technically contents until we put something in the shed.
     
  4. bob shovel

    bob shovel Well-Known Member

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    Ah ok. Buy a guard dog!

    Or look at ways to secure it, concrete some posts and chains? Or just make it really hard to see. Depends on the site I guess
     
  5. Scott No Mates

    Scott No Mates Well-Known Member

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    Who is financing the build? Hmmm..... maybe the bank might sell insurance. They will expect insurance under the loan, who do they suggest?

    Can you get contractor's all risk insurance
     
  6. Brian84

    Brian84 Well-Known Member

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    Why can't you get it delivered the day before they will be erecting the shed
     
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  7. bob shovel

    bob shovel Well-Known Member

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    Get outta here.... Good idea
     
  8. Jeah_

    Jeah_ Well-Known Member

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    The shed company only delivers to the area once a month, otherwise it's an extra $1100 delivery fee. Yes, offered the builder a few extra $$ to get there earlier, but that can't happen either unfortunately
     
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  9. bob shovel

    bob shovel Well-Known Member

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    How big is the shed? They aren't the easiest thing to knock off!
    I bought a 6x3m shed and picked (trailer) it up there's a bit of weight in it, they'd have to be keen or have the gear or be in a location that they have plenty of time to load it by hand without being seen
     
  10. Jeah_

    Jeah_ Well-Known Member

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    It's 12 metres x 6 metres. That's a fair point and I'm probably overreacting. I just get a little nervous about leaving almost $20k sitting on the ground for a week.