Who Pays for QBCC Home Warranty Insurance

Who Pays for QBCC Home Warranty Insurance?

QBCC Home Warranty Insurance

Who Pays For QBCC Home Warranty Insurance in Queensland, principal contractors are obligated to take out home warranty insurance on behalf of their clients. This insurance ensures that the homeowner’s new home or renovation is protected against defective or incomplete building work and subsidence1.

When Should the Insurance Premium Be Paid?

The insurance premium must be paid before starting residential construction work. Contractors must collect the insurance premium from the homeowner and pay it to the QBCC within the earlier of 10 business days from when the contract is entered into; or the residential construction work starts2.

FAQ Table:

Table

QuestionAnswer
Who is responsible for taking out home warranty insurance?Principal contractors must take out home warranty insurance on behalf of their clients1.
When should the insurance premium be paid?The premium must be paid before starting residential construction work2.
How is the premium calculated?The premium is based on the insurable value of the work, including materials, labor, and GST3.

Who Pays for QBCC Home Warranty Insurance: Resources

Visit the Queensland Building and Construction Commission website or contact them directly for more details. Remember, fulfilling your contract and fixing defects avoids claims under the Queensland Home Warranty Scheme.


Please note that this article is a summary based on the information provided by the QBCC. For specific cases or further details, it’s always best to consult directly with the QBCC or a legal professional.

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Who Pays for QBCC Home Warranty Insurance

QBCC Home Warranty Insurance