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Commercial & General Insurance Brokers (Aust) Pty Ltd Suite 4, 1016 Doncaster Road Doncaster East Victoria 3109 Phone: 1300 764 244 Fax: 03 8841 42 99 Email: home.warranty cgib.com.au Web: www.cgib.com.au.

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The figures are $20,000 in NSW and WA, $16,000 in Victoria and $3300 in Queensland. The premiums (generally somewhere between 0.5% and 1% of the contract value) are added by the builder to the homeowner's costs, so you end up paying for nothing if the builder simply refuses to come back and fix the problem.

Contracts for new homes come with a warranty known as the 'defects and liability period' (usually 13 weeks for new homes).

Most builder warranties cover material and workmanship on a new home for one to two years, with coverage that lasts as long as 10 years on major structural elements.

The cover lasts up to 6 years from completion of the domestic building work or termination of the domestic building contract (6 years for structural defects and 2 years for non-structural).

Each company's policy will vary depend on the warranty and building application type but generally a warranty will cover as standard; structural damage, defects to walls, roofs and foundations, in line with the policy details.

Builder's Warranty Insurance, also known as Home Indemnity Insurance, provides compensation to home owners for losses if their builder goes bankrupt, dies, disappears or faulty workmanship.

Lodging a complaint with NSW Fair Trading. Lodging a claim with NCAT or a court (depending on value) to have the builder finish any incomplete or rectify any defective work.

The premiums (generally somewhere between 0.5% and 1% of the contract value) are added by the builder to the homeowner's costs, so you end up paying for nothing if the builder simply refuses to come back and fix the problem.

Most companies offer multiple plans with varying premiums depending on how comprehensive the coverage is. In general, the average cost of a home warranty premium ranges between $25 $50 a month, or $300 $600 a year. The standard service call fee is between $75 $125.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232