Get the most affordable Owner Builder Insurance Quotes from Multiple Insurers from our online system!
If you are an owner builder or considering becoming one, you have come to the right place. We have designed this site so owner builders can get the right information about all aspects of becoming an owner builder with a very specific emphasis on insurance.
Making sure you have the right areas covered for the right amounts is paramount to having a successful project no matter which state you live in. Ownerbuilderensurance is here to help owner builders with the complex task of choosing the right insurance products at the right price.
This site has been developed and is managed by insurance brokers not big insurance companies. SHC Insurance Brokers have over 20 years' experience in the construction and trades area helping clients succeed and manage their project risks. The level of personal service an insurance broker provides is unique in this era of call centres and out-sourced customer service. SHC Insurance Brokers have provided a specialised quote system that allows you to review multiple quotes and then choose the right policy for you - all in the one place - and it only takes a few minutes.
Yes there are some online forms to fill in and questions to answer - however it's not that hard and if you get stuck we a chat system at any stage of the process or you can call during business hours - we are here to help.
SHC does not run a call center or out-source its customer service to overseas call centres - you will be taking to a qualified insurance broker. Like most Australian businesses we work normal business hours so please call during business hours (9am -5pm), however you can email us anytime you like and you will get a response within 24 hours.
Finally did we mention that there is a lot of other great information on the site that you may find helpful and even interesting.
We offer the following Owner Builder Insurance;
- Construction and Liability Insurance
- Home Warranty Insurance
- Personal Accident for Voluntary Workers
Construction and Liability Insurance for Owner Builders
SHC offers the very backbone of comprehensive insurance coverage whilst your home is being built. This protects the Owner Builder from; fire, weather related perils, theft/burglary, malicious damage, workmanship issues, demolition costs and professional fees and more. Most importantly it protects the Owner Builder for their legal liability against injury or damage to third party property.
Don’t buy inferior policies
As an owner builder, you need to purchase a policy that gives you the maximum coverage possible. Not all policies will offer all the required benefits. When it comes to claiming it pays to have sourced your policy through a broker like SHC. If you buy a policy direct with an insurer and there is a dispute concerning paying a claim for which you have suffered a loss, you will not have an expert backing you.
SHC can offer owner builders our Platinum policy. When you purchase a policy do not purchase one that does not include the SHC additional benefits;
- Public Liability sum insured limits greater than $5m
- Removal of Debris to 10% of the sum insured. In the event that you have a total loss the cost in clearing your site after a claim can be considerable.
- Professional Fees to 10% of the sum insured. In the event of a claim you will need to re-employ Architects, Engineers etc to commence building again. These costs are considerable.
SHC can extend your policy after 12 months. Finishing your build within 12 months is not always easy, in fact its quite difficult. Trades and materials can take a lot longer to arrive extending your timeframe. You need a policy that will carry on insuring you during this period.SHC policy can cover existing structures. That is if you are renovating an existing house with alterations or additions, most household insurance policies only cover construction work up to a certain value (eg $60,000). If your works are greater than your existing householder insurer allows, you need the flexibility of insuring your existing home in case of a total loss.
Already started building? – no problem! SHC can organise a policy for you in case you have forgotten to insure. Call us to organise.
Pitfall – Please be aware of the Under-insurance clause.
Basically this means you have to insure for the full value or the insurer will deduct a percentage off the claim. For example your home costs $100,000 to rebuild but you have only insured it for $50,000, the insurer will only pay for 50% and any claim regardless of amount. The easiest way to insure for the full value is to calculate how much the build will be in total the very day you move back in or finish, and that’s your figure to insure.
SHC can also offer; Online application – 2 minutes from go to O, and BINGO – you’re covered. No other broker in Australia can offer this fast and simple live application.
Owner Builders Personal Accident for Voluntary Workers
PROTECT YOUR MOST VALUABLE ASSET - YOU the Owner Builder!
Construction sites still rate as one of the more dangerous places to work. The professionals certainly don’t enter a construction site without insuring their future ability to earn income. Medical expenses couple with loss of wages can completely destroy you and your family’s lifestyle.
As such owner builders need to consider protection against injury if you are planning to assist your tradesmen during construction in case you may become injured or incapacitated and cannot attend your normal employment.
SHC Owner Builder Voluntary workers cover extends to yourself, your spouse and other family/friends up to a total of 10 volunteers on site for a very nominal premium.