Protection for homeowners
Builders Home Warranty or Residential Construction Warranty is required by law for all residential work over $16,000 (other than developments over three stories) to protect homeowners from financial loss from non-completion or defective workmanship should their builder disappear, become insolvent or die. Cover extends for six years from completion date.
Warranty insurance can be provided to the following businesses:
- Home Builders and Renovators
- Pool Builders
- Cabinet Makers
- Painters and Decorators
- Owner Builders
- And any other project where warranty is required.
Generally, applications can be processed without the need for onerous requirements such as bank guarantees and restructure of business, although these will of course be required at times.
Your Building Insurance Experts
McKenzie Ross employs experienced builders warranty practitioners who will provide you with a comprehensive review of your insurance exposure and provide a tailored insurance solution to suit your company’s needs. We recognize the difficulties that builders may encounter when seeking insurance and obtaining eligibility. McKenzie Ross tailors requirements to suit the builder in a number of innovative ways.