Quick Check chart
Not all Construction and Public Liability Insurances are the same.
We are coming across broken down builder policies targeting Owner Builders that purport to cover Third Property Damage and they exclude vibration, weakening and removal of support and Flood, yet only have limited cover from Storm and Water Damage, do not cover liability off site (e.g. When Owner Builder picking up building materials) etc etc

So, to make it clear that our insurance covers the above, plus more. We have set up a Quick Check Chart for your Owner Builder’s benefit and you have a choice of insurers.
Cover Detail
Material Damage
Lloyds
QBE
Physical loss or damage to works/materials on-site eg. Fire, storm, theft, vandalism and water damage.
Existing structure cover (Optional, see below for important information)
Incurs an additional premium when selected
Incurs an additional premium when selected
Policy excess
$1000 standard excess, $1000 theft/burglary, $2500 vibration, removal or weakening of supports, $2500 Injury to contractor/labour hire. $5000 named cyclone.
$1000 standard excess, $1000 theft/burglary, $2500 vibration, removal or weakening of supports, $2500 Injury to contractor/labour hire. $5000 named cyclone.
Ability to cover work already commenced
Subject to referral and approval
Removal of debris allowance
10%
10%
Professional fees allowance
10%
10%
Tools on site cover
$5000
$5000
Escalation allowance
15%
15%
Expediting expenses allowance
10%
10%
Contents Insurance
Up to $100 000 subject to referral and approval
Goods in transit allowance
$100 000
$100 000
Flood*
Broad cover of works*
Materials stored off-site
$50 000
$50 000
Major plant and equipment eg. excavators
Subject to referral and approval
Subject to referral and approval
Piling/Shoring/
Underpinning work
Subject to referral and approval
Subject to referral and approval
Wear & tear – gradual damage
Maximum period work can stop before cover ceases
30 Days
30 Days
Public Liability
Liberty Mutual
Liberty Mutual
Injury or damage to third parties or third parties’ property
Legal costs to defend actions
Broad liability cover*
Excavation
Up to 5m without referral
Up to 5m without referral
Goods in physical legal control
$250 000
$250 000
Asbestos
Vibration removal or weakening of support
Adjoining property protection*
Subject to approval
Subject to approval
Fines and penalties
Sub-contractor Liability*
*Important note about existing structures: It is highly recommended that owner builders check with their current home Insurer to confirm whether full cover will be provided during the construction period. Most home insurers will not provide adequate cover for construction and non-construction related perils to the existing dwelling and therefore owner builders should select the existing structure option as part of the Owner Builder Insurance.
Descriptions:
Adjoining property protection (VIC) to protect your neighbour for an extra 12 months for
damages caused by the Owner Builder.
Flood, any water escaping river, creek, lake, national water course, canal, dam, reservoir.
Owner builders are covered for their own liability caused by sub-contractor actions.
Broad cover of works covers all property e.g. scaffolding, form work etc on site.
Broad Liability over provides liability protection Australia wide. (Not just actual site)
Additional benefits:
Worker to worker liability cover.
Policy extendable up to 24 months.
Low excesses e.g. Theft – $1000 for non-forcible violent entry.
Plus, Voluntary Workers policy available.
And who are the Insurers looking after the Owner Builders?
Lloyds (of London) is the world’s oldest specialist Insurer.
Liberty Mutual, established in 1912, experts in liability cover.
QBE’s Australia’s International Insurer
Strength, know-how and expertise behind the policy, to give you maximum security.
You have access to the expertise knowledge and benefit rich specific owner builder policy, not broken-down builder’s policy. AOBIS ensures you have the best coverage and protection for your clients and their family.

Check and compare our policy to see that it is comprehensive, Owner Builder specific and the best in its class for the Owner Builder market.

Don’t forget our FREE BONUS that we offer the Owner Builder on your behalf as an extra ‘Thank you’

Regards,
The Team
Free Bonus FREE Owner Builder education program (valued at $129.95) for an Owner Builder who purchases our Owner Builder Construction & Public Liability Insurance Policy. The 8 module program is aimed at helping Owner Builders save time, money & hassles in building. We understand Owner Builders & want to help make it easier for them.

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