Home owners, builders, and owner builders all come under the umbrella of reasons why warranty insurance is essential in any construction, and contractual agreements.
Home owners must know that every builder possesses warranty insurance. Whether you are investing in a display home or have architects, builders, and a site manager constructing your home, you need to be protected. If you find faulty workmanship or corners that have been cut in the 5-10 years following the build, your house should be under warranty.
Likewise builders need know that if their work exceeds a certain value they will need warranty insurance independent of any insurance that an owner builder has taken out. If your work comes under scrutiny and you were eligible for warranty insurance, you will be held responsible for negligence.
Visit http://www.bric.com.au/home-warranty-insurance.html for security and peace of mind.