Owner Builder Warranty insurance
What is it?
When you sell your home, Owner Builder Warranty insurance protects the new owner if they discover defects in work you’ve carried out as the owner builder. If you die, disappear or become bankrupt they can make a claim on your policy to recover their costs.
In Western Australia you need Owner Builder Warranty insurance if you spent more than $20,000 on the work, and it was completed in the last seven years. A QBE authorised broker or representative can arrange it for you.
This policy is for owner builders. If you’re a licensed builder carrying out residential building work you may need Builders Warranty insurance.
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