Builders Warranty Insurance is required for eligible residential building work in the Australian Capital Territory, providing important protection for homeowners in accordance with the requirements of the ACT Building Act 2004.
COVER FOR
Mandatory Threshold: value of work is over $12,000
Cover types: Residential Builders’ Warranty Insurance
Builders’ Warranty Insurance in the Australian Capital Territory provides statutory protection for eligible residential building work, helping protect homeowners where a builder is unable to complete or rectify covered building work due to circumstances covered by the applicable ACT scheme. The insurance forms an important part of the residential building process and is designed to provide homeowners with protection beyond the builder’s direct obligations.
For builders, obtaining the required eligibility approval is an important part of meeting the requirements of the ACT building licensing framework. MBIB’s specialist eligibility team assists builders through the application and review process, assessing the builder’s financial position and relevant technical qualifications and experience, and providing guidance to help ensure the appropriate warranty requirements are met.
Ready when you are
Chat with a broker who actually knows construction. Quotes are free and there’s no obligation just a conversation about what your business needs.
OR PHONE US DIRECT
1800 150 888