$30 billion in insurance for alterations and additions to Queensland properties since 2002

2 March 2020

Queenslanders living the great Australian dream of property ownership have received insurance coverage for $30 billion worth of alterations, additions and renovations since July 2002.

A project at Neurum, on the Sunshine Coast, has taken the value of residential modifications protected by the Queensland Home Warranty Scheme since 1 July 2002 past the $30 billion mark.

Since July 2002, the scheme, administered by the Queensland Building and Construction Commission (QBCC), has issued more than 1.5 million insurance policies covering more than $168 billion worth of building work. This has included more than 450,000 policies for
renovation projects worth more than $30 billion.

The scheme protects home and property owners who have contracted with a QBCC licensee for residential building work, in the event of incomplete, defective or subsidence-affected work.

The project at Neurum, near Woodford, involved erecting a 12m x 9m shed, which is covered by the scheme under alterations and addtions.

The property owner, Mr John Ward, said the shed was now completed but it was reassuring to know that he had access to the scheme for up to six years and six months, should any issues arise.

“I’ve always wanted a shed on my property and I‘m glad that even though it’s been finished, I’ll still have the security of the Home Warranty Scheme if I need to use it in the future for any reason,” Mr Ward said.

Queensland has Australia’s only first-resort home warranty scheme. In other states, home owners have to wait until a builder is insolvent, deceased, disappeared, or has failed to comply with a court or tribunal order before they can seek access to home warranty

QBCC Commissioner, Brett Bassett, said that home owners who have had serious issues with their building project and who had legally terminated their contract could immediately lodge a claim with the QBCC to help them complete their project.

“The scheme offers security and reassurance to home owners. If they need help to finish a project, the scheme will be there to help them, just as it has helped thousands of other home owners over the years,” Mr Bassett said.


Between 1 July 2002 and 31 December, 2019, the Queensland Home Warranty Scheme issued 879,782 policies for renovation projects worth more than $31.46 billion.

In the same period, the scheme issued 451,325 policies for new residences worth $136.67 billion, taking the total amount of residential building work covered by the scheme in that period to $168.13 billion.

For residential construction projects, the Queensland Home Warranty Scheme provides claims coverage of up to $200,000 for incomplete work, and up to $200,000 for defective work or subsidence-related issues post completion.

Home owners also have the option to purchase additional cover and increase their maximum entitlement to $300,000.

The work is covered for a period of 6 years 6 months.

Further information about the scheme is available from the QBCC website.

Covered: The shed project took the value of alterations and additions covered under the Queensland Home Warranty Scheme since 2002 past the $30 billion mark.


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