Insurance - Is the home well maintained and in good condition?

Discussion in 'Renovation & Home Improvement' started by Green, 4th May, 2019.

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  1. Green

    Green Well-Known Member

    Joined:
    11th Jul, 2016
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    Melbourne
    Hi all,

    All of the insurance companies I have looked at seem to ask the same "Is the home well maintained and in good condition" type question, and if you hit no they are unable to offer insurance. I'm wondering what everyone does for insurance when buying a project house that isn't in the best of conditions?

    Thanks!
    Green
     
    Green, 4th May, 2019
    #1
  2. Scott No Mates

    Scott No Mates Well-Known Member

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    18th Jun, 2015
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    Location:
    Sydney or NSW or Australia
    It's a subjective question.

    In those instances you may be better off talking with the insurance representative or seeknleg out a specialist insurer/broker rather than doing the online thing.
     
    Scott No Mates, 4th May, 2019
    #2
    Green likes this.
  3. KateSydney

    KateSydney Well-Known Member

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    2nd Jan, 2019
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    Location:
    Bundanoon
    If the house is not secure, watertight, well maintained and has a functioning bathroom and kitchen, most insurers will simply not take it on, even if you ring and speak to a consultant. Depending on the extent of the work you are planning you may have to consider Construction Insurance instead?
     
    KateSydney, 4th May, 2019
    #3
    Green likes this.
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