Insurance

Discussion in 'Renovation & Home Improvement' started by hillsguy, 3rd Aug, 2018.

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  1. hillsguy

    hillsguy Well-Known Member

    Joined:
    25th Aug, 2015
    Posts:
    502
    Location:
    Adelaide
    Hi all, so ... in final stages with engaging with builder to renovate 2 x bathrooms for our PPOR.

    Builder has provided me with a copy of Supply and Install contract outlining details of work. This contract is from HIA.

    The contract from HIA says you require insurance for jobs over $20K. This job will be $42K.

    The builder has issued me with an invoice from Insurance brokers of NSW for $400 and I have no idea what this covers ?

    Can anyone shed any light on insurance I am been asked to pay ?
     
    hillsguy, 3rd Aug, 2018
    #1
  2. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
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    Location:
    Sydney or NSW or Australia
    Sounds like the mandatory Home Warranty Insurance - compulsory but payable by the homeowner.
     
    Scott No Mates, 3rd Aug, 2018
    #2
  3. hillsguy

    hillsguy Well-Known Member

    Joined:
    25th Aug, 2015
    Posts:
    502
    Location:
    Adelaide
    Great - so should I choose broker or should builder choose this like he has ?
     
    hillsguy, 3rd Aug, 2018
    #3