Most building work done in Queensland valued over $3,300 (including labour and materials) must have home warranty insurance.
Home warranty insurance is a protection for homeowners. It provides cover in situations where the contractor fails to complete the work, the work is defective, or subsidence occurs.
If you are a homeowner, please note that insurance cover under the Queensland Home Warranty Scheme is subject to limitations and exclusions. See Home Warranty insurance explained for more information relevant to homeowners.
Most residential building work done in Queensland valued over $3,300 (including labour and materials) must have home warranty insurance.
As part of the building process, the builder pays a premium to us to insure the construction. The amount is included as part of your contract, and is paid before work begins.
It may protect you where:
If you've bought a house with defects or subsidence that you knew about before the purchase, you can't access our Queensland Home Warranty Scheme.
We recommend that you organise a pre-purchase building inspection before you buy a home to find out whether it has any defects. We also advise that you make it a condition of your contract that you are satisfied with the outcome of this inspection.
For more information about how we can assist with complaints about defective building work, see Defective work complaints.
If you’re about to buy a new home, you can check to see if it has cover under the Queensland Home Warranty Insurance Scheme. It lasts for 6 years and 6 months from when the premium is paid, though it can be extended if the construction was over 6 months. It may help you with any defects that develop after you move in.
While your solicitor will generally organise all the relevant searches on the property when you're buying a home, you can also place a search request with us yourself.
What does this mean for licensed painters?
It is important that you are aware of recent changes to the law concerning what is insurable building work and premiums for the Queensland Home Warranty Scheme (the Scheme). The Scheme is managed by the Queensland Building and Construction Commission (QBCC).
The law relating to painting jobs was changed on 28 October, 2016.
In general, everything previously insurable under the Home Warranty Scheme continues to be insurable, although the Scheme has been expanded to cover other types of building work.
New premium tables from 1 July 2018: