Home Indemnity Insurance
Specialist Home Indemnity Insurance Solutions
for Western Australian Builders
At Arcadia Insurance Brokers, we understand the importance of keeping residential building projects moving.
With over 20 years of combined experience in Home Indemnity Insurance, our team assists Western Australian builders with eligibility applications, project certificates, policy variations and ongoing insurance requirements.
Whether you are an established residential builder or starting your first project, we can help you navigate the Home Indemnity Insurance process.
What Is Home Indemnity Insurance?
Home Indemnity Insurance (HII), also known as Home Warranty Insurance, is a mandatory insurance requirement for many residential building projects in Western Australia.
Generally, registered builders undertaking residential building work valued at more than AUD 20,000 are required to obtain Home Indemnity Insurance before accepting a deposit or commencing work, subject to applicable exemptions.
Home Indemnity Insurance provides protection to homeowners in certain circumstances where a builder cannot complete the contracted building work or meet their obligations due to insolvency, death or disappearance.
The insurance also provides certain protections for defective building work, subject to the applicable policy terms and legislative requirements.
Home Indemnity Insurance is different from Contract Works Insurance and Public Liability Insurance.
Home Indemnity Insurance Services
Builder Eligibility Applications
Before obtaining Home Indemnity Insurance certificates, builders generally need to establish eligibility with an approved insurer. We assist with new eligibility applications, renewals and reviews of existing eligibility arrangements.
Single Project Applications
For builders requiring insurance for an individual residential building project, we assist with project applications and the issue of Home Indemnity Insurance certificates, subject to insurer approval.
Multi-Unit Developments
We assist builders undertaking residential developments involving multiple dwellings, including duplexes, townhouses and other eligible multi-unit projects.
Eligibility Limit Reviews
As your business grows, your existing eligibility limits may need to be reviewed. We assist builders seeking increases to their approved contract values, project limits or overall construction capacity.
Policy Variations
Building contracts can change during construction. We assist with variations to existing Home Indemnity Insurance certificates, including changes to contract values and other project details requiring insurer approval.
Policy Cancellations
Where a project does not proceed or circumstances change, we can assist with cancellation requests, subject to insurer requirements and applicable conditions.
Home Indemnity Insurance Application Forms
To make the application process easier, we have provided access to the forms commonly required by builders. Please download and complete the relevant application form and return it to our team for review.
Forms are to be linked to the relevant insurer-approved documents. Submission of an application does not guarantee eligibility, insurance approval or certificate issue.
Need assistance completing an application? Contact our team and we will guide you through the information required.
Why Choose Arcadia Insurance Brokers?
Over 20 Years of Combined Experience
Our team brings more than 20 years of combined experience in Home Indemnity Insurance, working with builders across Western Australia.
Specialist Knowledge
We understand builder eligibility, insurer requirements and the challenges residential builders face when arranging insurance for their projects.
Ongoing Support
From your initial eligibility application through to individual project certificates, limit reviews and policy variations, we are here to assist.
More Than Home Indemnity
As a general insurance brokerage with construction industry expertise, Arcadia can also assist with Contract Works, Public Liability, Professional Indemnity and other business insurance requirements.
Frequently Asked Questions
Is Home Indemnity Insurance compulsory in Western Australia?
Generally, Home Indemnity Insurance is required for residential building work valued at more than AUD 20,000, subject to the requirements and exemptions under Western Australian legislation.
When do I need to arrange Home Indemnity Insurance?
Where Home Indemnity Insurance is required, it must generally be obtained before accepting a deposit or commencing the relevant residential building work.
What is builder eligibility?
Builder eligibility is an insurer’s assessment of a builder’s financial position, experience, business operations and construction capacity. Approval generally determines the projects and contract values for which the builder may obtain Home Indemnity Insurance certificates.
Can I increase my existing eligibility limits?
Yes. Builders may apply for a review of their existing eligibility limits. Approval is subject to the insurer’s assessment and may require updated financial and business information.
Do I need Home Indemnity Insurance for each project?
Generally, a separate certificate is required for each eligible residential building project, subject to applicable requirements and exemptions.
Does Home Indemnity Insurance cover damage during construction?
No. Home Indemnity Insurance is not a replacement for Contract Works Insurance. Contract Works Insurance is designed to cover specified physical loss or damage during construction, subject to policy terms.
Speak With Our Home Indemnity Insurance Team
Building in Western Australia? We are here to help.
Whether you need to establish builder eligibility, obtain a certificate for an upcoming project or review your existing limits, Arcadia Insurance Brokers can assist.
Contact our team to discuss your Home Indemnity Insurance requirements.
Please note: Insurance cover, eligibility and certificate issuance are subject to insurer approval, applicable legislation, policy terms, conditions and exclusions.
