0409 466 371Builder Insolvency Support
Independent Assistance When Your Builder Becomes Insolvent in Geelong
Experiencing builder insolvency can be an extremely stressful and challenging time for homeowners, investors, tradespeople, suppliers, and the builder’s team. The situation often leaves many questions unanswered, creating a sense of uncertainty and frustration. At Inspection Hub, we provide the independent support you need to navigate this difficult period.
Inspection of Building Defects and Incomplete Works for Domestic Building Insurance Claims
When a builder becomes insolvent, it’s crucial to understand your rights and options under Domestic Building Insurance (DBI), previously known as Home Warranty Insurance. This insurance covers certain aspects of your build if your builder dies, disappears, or becomes insolvent.
Why an Independent Inspection is Essential
Investing in a thorough, independent inspection of defects and incomplete works from an insolvent builder is key to achieving the best possible outcome with your DBI claim. Our inspections are conducted by Registered Building Practitioners, ensuring that every defect and incomplete work item is meticulously documented for your insurance claim.
Benefits of a Detailed Report
A comprehensive inspection report helps outline the scope of work needed to complete your project. This report not only aids in your insurance claim but also provides a clear roadmap for any new builder taking over the project, helping to avoid confusion and set clear expectations for all parties involved.
Consultancy Fee Claims
We advise reviewing the product disclosure statement (PDS) for your DBI, as it may be possible to claim our consultancy fee as part of your insurance claim. This can further ease the financial burden during this challenging time.
Useful Resources
For additional guidance, you can access the Victorian Building Authority’s ‘Builder Insolvency and Financial Difficulty’ fact sheet. This resource provides valuable information on navigating builder insolvency and understanding your rights and options.