Building Defect Warranty Insurance
What is Building Defect Warranty Insurance?
It’s a safeguard that covers the cost of repairing or fixing defects that appear after the project is completed , especially when the builder or developer is unable to rectify the issue.
This type of insurance helps everyone involved feel secure, even years down the line.
What It Covers
Our Building Defect Warranty Insurance can include protection against:
Structural defects
Issues that affect the building’s foundation or structural integrity.
Non-structural defects
Problems with finishing, fitting, or workmanship.
Major defects appearing after handover
Even if the builder is no longer operating.
Contractor insolvency or disappearance
Ensures the homeowner isn’t left with the bill if the builder can’t return.
Legal and rectification costs
Support and financial protection throughout the claims process.
Who Needs This Cover?
This insurance is essential for:
- Registered builders
- Property developers
- Owner-builders (in some states)
- Homeowners purchasing new builds
- Anyone required to comply with state warranty insurance regulations
If you’re constructing or selling a home, this cover often isn’t optional, but with the right insurer, it doesn’t have to be difficult.
Why Choose Finguard Finance & Insurance?
- We help you understand exactly what’s required for your project.
- We make the application process simple and stress-free.
- We work with reputable insurers who understand the building industry.
- We support you through compliance, documentation, and claims.
- We offer honest, clear advice with full transparency.