www.isginsurance.com.au/contact-us.aspxThe building act stipulates that any tradesman who are contracted with the owner/developer to undertake work exceeding $12,000 must provide the Owner with a certificate of Insurance for Home Warranty.Home Warranty provides protection to the consumer against non-structural defects for 2 years and structural defects for 6 years in the event of the builder being unable to complete or rectify their work by reason of death,disappearance or insolvency.The maximum payout is $300,000 per claim.Please click on the brochure to complete enquiry form or complete online form and submit.
Frequenty Asked Questions (FAQs)
Where can I obtain application forms?
The Home Warranty application forms can be downloaded by simply clicking the links above.
Will most builders be able to obtain Home Warranty Insurance?
No, not all builders will be eligible. The builder must be able to demonstrate the financial capacity to obtain Home Warranty Insurance. Builders who do not meet the criteria of the financial model will be offered options to increase the equity in their business through paid up share capital, provide a security, or opt to participate in the builder managed program. There may be a few builders who do not meet this minimum requirement and therefore will be unable to obtain cover.
What if I already have an existing security?
Builders who currently have a security (deed of indemnity) signed with their current insurer will be asked to sign a new deed in favour of the NSW Home Warranty Insurance Fund.
The NSW Home Warranty Insurance Fund is allowing a 3 month transition period until the 30/9/2010 for the new security arrangement to be put into place.
What are the premiums we charge currently?
The premiums applicable will remain unaltered until 1 October 2010 when the new Home Warranty Insurance Fund pricing structure comes into effect.