Rights and protections when home building
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You need to understand your rights and the steps you should take when you take on such a significant investment.
In a nutshell:
- If you are building a home, ensure you are covered by building indemnity insurance, which is mandatory for any construction project valued at more than $12,000 and insures you for up to $150,000 if your builder becomes insolvent, dies or disappears during construction or the warranty period.
- Check your builder is licensed and has the appropriate insurance certificates.
