Domestic Building Insurance
Domestic Building Insurance is required by all domestic builders who enter into domestic building contracts in which the contract price for the building work is more than $12,000. Insurance provides important protection for building consumers, in the event that a builder dies, becomes insolvent or disappears, and can't finish the building project or fix defects.
The Domestic Building Insurance Ministerial Order (No. S 98 Friday 23 May 2003) specifies the insurance policy required.
