Builders Warranty Insurance is a legislative requirement under State/Territory law in NSW, ACT, VIC, SA and WA for contracts over $20,000 in NSW & WA (or $12,000 in VIC, ACT & SA). It protects homeowners from faulty workmanship or non-completion of a contract if the builder cannot through Death, Insolvency or disappearance. In NSW, it also provides cover with non compliance of a CTTT order.
By law Builders and Tradesman require a home warranty insurance certificate(s) to be issued in favour of the homeowner prior to any residential works commencing.
Builders Warranty products can appear to be daunting and complicated, but not for our team of dedicated experienced professionals at The Insurance Builders Broker. We can streamline the process, get you on-site and building sooner.
We are available to answer your questions and take the “complicated” out of Builders Warranty. We deal with all Builders Warranty Insurers and Agents (except for Queensland) and have underwriting authority with a NSW agent. We work with our builders to get them on site sooner with as little red tape as possible. When Eligibility is approved, Warranty Certificates can be issued usually within 24 hours, often the same day.
Download NSW Builders Warranty Forms
- Job Specific Job Application Form CIMS 3.0
- Builder Project Completion Advice CIMS 2.1
- Multi Unit Application Form CIMS 3.0
Additional information can be found via the following links:
iCare – https://www.hbcf.nsw.gov.au/portal/server.pt/community/icare_builders_warranty/347/
icare (Insurance & Care NSW) is a Public Financial Corporation that delivers insurance and care services to the people of New South Wales.
NSW Fair Trading – http://www.fairtrading.nsw.gov.au/ftw/Tradespeople.page
NSW Fair Trading Provides Licensing and support to Tradespersons
State Insurance Regulatory Authority (SIRA) – http://www.sira.nsw.gov.au/home-building-compensation/home-building-compensation-scheme-reforms
Regulates the home building compensation fund (HBCF) in NSW
For a quotation or more information on Builders Warranty Insurance, please send your enquiry using the form below or contact one of our friendly team on 1300 769 455.