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.
Planning to build or renovate your home?
Come and join us for a FREE information session as you start your journey through the building process.
Not sure if this session is for you? If you can’t answer any of these questions coming to our Home Owner event will provide you with some practical information that will help you get a better building outcome.
Cost-plus contracts are not covered for non-completion. A cost-plus contract involves a “pay as you go” arrangement, with no certainty as to the final cost of the work.
For example, if you have a contract to renovate a home which specifies that the owner will pay the contractor’s costs plus a margin of 15%, there is no certainty as to what the final cost will be – it depends on how much it costs to do the work.
A house may be one of your biggest assets and one which you will want to protect. It is for this reason that, if you are renovating or building a new house, it is mandatory for your contractor to take out home warranty insurance on your behalf.
In this section, we tell you what is and isn't covered and you can view easy-to-use premium tables so that you can calulate how much the premium will cost.
A swimming pool can be a great addition to your home; however the construction and maintenance process can be complex. This guide includes a few tips to help you along the way.
Recommendations from family and friends who own pools are a good starting point. Discuss their experiences involving size, location, finishes, landscaping, building time, upkeep and any issues they faced during or after construction.
Building work hasn’t started
If work hasn’t started, we may reimburse the deposit paid under the contract. If work has started, we may cover additional completion costs including the repair of any defective work.
Building work is in progress (under contract)
If you've terminated the contract because your builder has defaulted before all work is completed, you may be able to get help to complete your project under the Queensland Home Warranty Scheme.
Common grounds for contract termination due to the builder’s default include:
If you are a house builder or carry out renovations to homes, you'll need home warranty insurance. It's payable on work with a market value over $3,300 and gives the homeowner protection where there is defective or incomplete building work or subsidence.
Top up your cover
What is optional additional cover?
Our Queensland Home Warranty Scheme helps protect home owners from additional costs resulting from a licensed contractor not fixing their defective building work or not completing their contracted work. The standard cover offered is a maximum of $200,000, which includes a maximum of $5,000 for alternate accommodation, removal and storage costs.
Whether you’re thinking of taking on a project yourself, or leaving it all up to the professionals, there is a lot of choice when it comes to building.
It’s a good idea to do some research before you decide. You may find that your original plans change as you discover some alternatives.
For example, if you want to build a house but there are budget constraints, is renovating your existing house an option? Or maybe building a ready-made project home is the answer if you’re time-poor.