Are you about to buy a new home from an owner builder? Are you about to buy a home that has been built or renovations by an owner builder within the last six years? Are you paying more than $12000.00? Do you know about Home Warranty insurance?
Owner builder home warranty insurance is a compulsory insurance required by the Home Building Act 1989 and is to the benefit of you the purchaser. Basically it is illegal for an builder to enter into a sale contract without a valid certificate of your home warranty attached to the contract, unless six years has passed since the date of the building/ renovation completion.
If you are purchasing a new home from an builder it is vital they disclose this at the point of sale, as well as inform you that an Builder Permit was issued in relation to the work they did, and that warranty insurance be taken out. Legally, any builder that is issued with an owner builder permit who sells their property within six years of completion MUST, under law, take out home warranty insurance.
So why is it so important to you the purchaser?
In the event of a building problem or building defect within the six years from the date of completion your insurance will cover you for compensation due to bankruptcy, death or disappearance of the builder. The home warranty insurance policy will also extend to the costs of alternative accommodation, removal and storage costs if reasonable and necessary.
Remember, that if builder does not disclose this and insurance for your warranty home is not arranged then the purchaser can void the contract of sale prior to settlement and an owner builder can face large penalties.
2 comments:
Good day !.
You re, I guess , probably very interested to know how one can make real money .
There is no need to invest much at first. You may begin to get income with as small sum of money as 20-100 dollars.
AimTrust is what you need
The firm represents an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.
It is based in Panama with structures around the world.
Do you want to become a happy investor?
That`s your choice That`s what you wish in the long run!
I feel good, I began to take up income with the help of this company,
and I invite you to do the same. It`s all about how to select a proper companion utilizes your funds in a right way - that`s it!.
I take now up to 2G every day, and my first investment was 500 dollars only!
It`s easy to start , just click this link http://lypujyty.lookseekpages.com/fehaqe.html
and go! Let`s take our chance together to get rid of nastiness of the life
Good day, sun shines!
There have been times of hardship when I didn't know about opportunities of getting high yields on investments. I was a dump and downright stupid person.
I have never thought that there weren't any need in big initial investment.
Nowadays, I'm happy and lucky , I begin take up real money.
It's all about how to select a correct partner who uses your funds in a right way - that is incorporate it in real business, parts and divides the profit with me.
You may ask, if there are such firms? I have to answer the truth, YES, there are. Please be informed of one of them:
http://theinvestblog.com [url=http://theinvestblog.com]Online Investment Blog[/url]
Post a Comment