Home Warranty Insurance Obligations Queensland
Home Warranty Insurance Obligations Queensland is mandatory for certain residential building projects.
Safeguarding homeowners from unfinished work or defects, QBCC home warranty insurance ensures peace of mind.
QLD builders must get QBCC home warranty insurance for projects over $3,300 (including materials and labor).
The warranty covers unfinished work, defects, subsidence, and settlement – six years for structural issues, two years for non-structural.
FAQs:
- Who is responsible for taking out home warranty insurance? Principal contractors must take out home warranty insurance on behalf of their clients1.
- When should the insurance premium be paid? The premium must be paid before starting residential construction work1.
- How is the premium calculated? The value of work and the home warranty premium can be calculated using QLeave levy1.
Table: Home Warranty Insurance Obligations
Table
| Obligation | Description |
|---|---|
| Insurance Requirement | Principal contractors are obligated to take out home warranty insurance for their clients’ new homes or renovations1. |
| Premium Payment | Contractors must pay the insurance premium before commencing construction work1. |
| Calculation of Premium | The premium is based on the insurable value of the work, including materials, labor, and GST2. |
Resources List:
- Home Warranty Insurance Obligations
- Take Out Home Warranty Cover
- QBCC Home Warranty Insurance
- Who Pays Home Warranty and When
For more detailed information, you can visit the official Queensland Building and Construction Commission website or contact them directly. Remember, it’s important to comply with all contractual obligations and fix any defects in your work to avoid claims under the QBCC Queensland Home Warranty Scheme.
QBCC Home Warranty Insurance