Home Warranty Insurance
Home Warranty Insurance protects consumers from financial loss caused by a builder's failure to rectify or compensate for defective or incomplete residential building work.
Home Warranty Insurance is a statutory product, compulsory under relevant building legislation in most States for builders carrying out residential building work valued at over $12,000. Cover only applies when a builder dies, disappears or becomes insolvent.
Builders are responsible for taking out Home Warranty Insurance at the time of entering into a building contract with a homeowner.
MBA Insurances Services has key relationships in place with leading underwriters of Home Warranty Insurance in Australia including QBE and Vero.
