Home Warranty Insurance

Home Warranty Insurance protects consumers from financial loss caused by the builder’s failure to rectify or compensate for defective or incomplete residential building work. The cover only applies when the builder has died, disappeared or become insolvent.

 

Home warranty insurance is compulsory under relevant building legislation in most states for builders/contractors carrying out residential building work valued at over $12,000.The builder is responsible for taking out home warranty insurance at the time of entering into the building contract with the homeowner.IMC Insurance Brokers can arrange insurance quickly and with a minimum of fuss and have provided Warranty Insurance to builders and owner builders throughout Victoria.