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Builder Insolvency

Independent support when your builder is declared insolvent in Geelong

Inspection of building defects and incomplete works for Domestic Building Insurance Claim

Unfortunately, not all things go to plan. We understand that this is an extremely difficult and stressful time for homeowners and their families, investors, trades, suppliers and the builder’s team alike. It may seem that there are many questions but few answers.

Domestic Building Insurance (DBI), previously called Home Warranty Insurance, covers aspects of your build if your builder dies, disappears or becomes insolvent.

Investing in a thorough independent inspection of defects and incomplete works from insolvent builders and can help you get the best possible outcome with your domestic building insurance. It is imperative that the report is completed by a Registered Building Practitioner and all items are captured in the list provided for the insurance claim.

A detailed report will also help to outline the scope of works that you are entering into with a new builder to take over the project. It will help to avoid any confusion and sets clear expectations for all parties going forward.

We advise checking the product disclosure statement (PDS) for your DBI, as it could be possible to claim our consultancy fee in your claim.

Access the Victorian Building Authority’s ‘Builder insolvency and financial difficulty’ facts sheet.

You’ll find more advice on our blog post we’ve written titled ‘My Builder is insolvent and in liquidation… HELP!

To get in touch with our friendly team about your situation, call 03 5200 9210.

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5.0
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Google Rating
5.0
Based on 108 reviews
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