DIY Home Renovation
DIY Home Renovation Insurance
Make Sure You’re Fully Insured!
There are only 2 types of Builders under the Building Act- Registered Builder and Owner Builder. If you are a DIYer you come under the Owner Builder umbrella. A massive 57% of Australians are DIYers.
Are you gearing up for an exciting DIY renovation? Whether you’re transforming your kitchen, upgrading your bathroom, or adding a stunning deck or gazebo, taking on the project yourself can be incredibly rewarding. But before you pick up those tools, let’s talk about a crucial aspect: Insurance.
Are You Covered?
As an owner-builder, DIYer you’re not using a registered builder who would typically provide you with Warranty and Construction Insurances. Instead, it’s essential to understand the unique insurance needs that come with being an Owner Builder.
Common Misconceptions:
“It Won’t Happen to Me”
Assumption 1: “My home and contents insurance will cover my DIY renovation.”
Not so fast! Your home has transformed into a construction site, and unless your insurer has explicitly agreed to cover you, you may find yourself uninsured during your project.
Assumption 2: “If my home and contents insurer continues coverage, there won’t be any exclusions.”
This is where it gets tricky. While your insurer might maintain your coverage, there could be significant exclusions, especially regarding liability. Eg: Water Damage to the Existing Structure triggered by renovation works.
To ensure you’re fully protected:
– Contact your home and contents insurer to confirm ongoing coverage during your renovation—and get it in writing!
– Take out our (DIY) Owner Builder and Public Liability Insurance policy.
Best DIY Insurance
Our DIY Owner Builder Construction & Public Liability Insurance offers comprehensive coverage, including:
- $5,000 for tools
- Worker-to-worker protection
- Coverage for subcontractors
- Protection for adjoining properties
- Low excess options
- Extendable policies for ongoing projects
Plus, our coverage can extend to:
- Existing home renovations & extensions
- Contents
- Storm and water damage
- Public liability options up to $20 million
- Storm
- Fire and flood damage
Remember, your standard Home and Contents insurance is NOT designed to cover building sites!
What Sets BuildSafe Apart?
At BuildSafe, we demystify insurance for owner-builders across Victoria, New South Wales, and Queensland. With over 30 years of experience, our knowledgeable consultants are here to guide you through the process. Our policies are specifically tailored for owner-builders, so you won’t pay for coverage you can’t claim on!
Frequently Asked Questions
– What does Construction Insurance cover?
– What does Public Liability Insurance cover?
– I’m halfway through my home renovation—do I need insurance?
– What is underinsurance, and how could it affect me?
– My home is insured—why do I need construction and public liability insurance?
– What about my contents during renovations? Are they covered?
– Am I covered for flood damage?
Got Questions? We’ve Got Answers!
If you have any questions about DIY renovation insurance or your status as an owner-builder, don’t hesitate to ask us! We’re here to help with no strings attached.
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